Education expenses are deductible if the education maintains or improves existing skills or if the education helps the taxpayer qualify for a new trade or business.

Question

Quizplus · Accepted Answer

Education expenses are deductible if the education maintains or improves existing skills or is required by the employer or by law to keep the taxpayer's current job. However, expenses are not deductible if the education is to meet the minimum educational requirements of the current trade or business or if it qualifies the taxpayer for a new trade or business.

Education Expenses Are Deductible If the Education Maintains or Improves