MBA Tuition is/can be Tax Deductible!

By - Jan 8, 21:32 PM Comments [0]

Based on tomorrow's WSJ article, it may be possible to deduct your MBA tuition expenses . At least one person was able to demonstrate that MBA tuition is tax deductible:

A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes. The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree

Full Article. from Wall Street Journal

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