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Employee

20 / 05 / 2015 by Greg Freyman, CPA in Personal Tax

Can I Deduct Educational Expenses For Work?

Question:
I’m employed by a large company and earn around $250,000 per year. In addition, I have about $100,000 in annual business income from consulting that is reported on Schedule C. I attend a college in Chicago, and it is a post-secondary educational facility. Can I claim the education costs on Schedule C, and the out-of-town travel costs associated with my education? I’m receiving mixed answers online for whether or not I can deduct educational expenses for work.

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