IRS MBA Tuition Deduction

IRS MBA Tuition Deduction
The IRS’s rules on subtracting work-related tuition are complicated and onerous, finally keeping most students from deducting their tuition. Few taxpayers determine to go toe to toe with the IRS as Ms. Singleton-Clarke did, arguing her case without a lawyer.

The U.S. Tax Court passed Lori Singleton-Clarke victory last month, stating the 47-year-old Bryan town, Md., woman had properly subtracted nearly $15,000 in business school tuition.
The Tax Court governing should make it easier for many other professional people to subtract the expense of a Master in Business Administration degree.

For more information please visit official website.

Leave a Comment