Deduction of MBA Tuition

hii sir, I wants to know is MBA Tuition Fees is helpful in the TAX deduction please give me the detail information about this ?

[Shaleen]

yes, the MBA Tuition cost is Tax Deductible here I am sharing some information about the Tax Deduction of the MBA Tuition cost

Qualified tuition costs can be used to compute tuition tax credits. A tax credit is a direct reduction of tax liability.

Qualified tuition costs can be used to compute tuition tax credits.
A tax credit is a direct reduction of tax liability.

– Qualified MBA tuition costs may be deductible from your
personal income taxes as unreimbursed costs on form 1040 Schedule A Line 23. A tax deduction reduces taxable income.

American Opportunity Tax Credit
– Max credit is $2,500 per student for the first student and
25% of the next $2,000 for each additional student

Lifetime Learning Credit
– For graduate school and professional degrees
– Up to 20% of the first $10,000 in qualified costs or $2,000






for more details you may consider the below attachment that is free to download