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Tag Archive for Schecule A

Deducting Job-Related Education Expenses

You may be able to deduct any job-related education expenses you paid during the year, as an itemized deduction on Schedule A. These expenses are also subject to the 2% of AGI limitation.

To be deductible, the education expenses must be job-related, and they must be for education that is:

• Required by your employer or by law, to keep your present salary, status, or job.
• Required to maintain or improve the skills needed in your present work.

Although the above requirements may be met, no deduction will be allowed on Schedule A, if the expense was incurred to: Read more