Continuous education can be extremely valuable for you and your employees.
But when it comes to deducting the cost of continuous work-related education, the Tax Cuts and Jobs Act has proven rather unhelpful. In fact, the law has made some unpleasant changes you really need to know about.
You’ll get a tremendous amount of timely, important information when you read my new article titled Tax Tips: Update on Claiming Business Deductions for Work-Related Education.
Here’s what we’ll cover
in this new issue of the Tax Reduction Letter
Read it now!
- Why employees can no longer deduct unreimbursed work-related education expenses
- When to deduct work-related education on schedules C, E, or F
- You’ll learn what counts as “work-related” education
- Why the law says training cannot prepare you for a new profession or business
- Why you get nothing for undergraduate degree programs
- Why an MBA program can be considered to be Work-Related Education
- How to claim tax credits for work-related education expenses
- Why the American Opportunity credit can be worth up to $2,500
- And much more!