Section 1.162-5(b)(1) Archives - FREE Yourself from IRS Problems

Shamsey Oloko July 19, 2017 Education Expenses, Education Tax Credit, Lifetime Learning Credit

Deducting Graduate School Expenses When You’re A Student

For full-time students attending graduate school, tuition and costs are exorbitantly high. It’s often difficult to maintain studies and still work to help defer some of the costs. For those who have not yet entered the professional workplace, is it…

Shamsey Oloko July 17, 2017 Education Expenses

Deducting Graduate School Expenses When You’re Already Employed

Graduate students may deduct the costs of tuition and other fees under most circumstances. But what if an individual decides to go back to school after he or she has already entered the workforce, what, if any, tuition, costs, and…

Shamsey Oloko August 1, 2016 Business Expense, Business Expenses, Deductions, Education Tax Credit, Qualified Education Expenses

Can I Deduct My Law School Tuition?

Many professionals, whether lawyers, accountants or physicians, experience and endure difficult economic times before finally earning their graduate degree. On one hand, the high cost of tuition must be paid, which requires either a significant student loan or form of…