33.14 Types of Deductible Work-Related Costs
If you improve your job or professional skills by attending continuing education or refresher classes, advanced academic courses, or vocational training, you may be able to treat your expenses as a business expense deduction. As a self-employed business owner or professional, allowable expenses are deductible on Schedule C and reduce income subject to self-employment tax (45.1) as well as income tax liability. However, as an employee, the tax benefit of an unreimbursed educational expense deduction is limited because the expenses are miscellaneous itemized deductions, which, together with any other miscellaneous expenses, are deductible on Schedule A only to the extent that the total exceeds 2% of your adjusted gross income; see 19.1.
Keep in mind that tuition and fees (but not transportation and usually not books or supplies) for work-related educational ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access