Companies can deduct the cost of training provided to employees as a business expense.

Name: Companies can deduct the cost of training provided to employees as a business expense.
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Question

Quizplus · Accepted Answer

According to the Internal Revenue Service (IRS), companies can deduct the cost of training and education provided to employees as a necessary and ordinary business expense, as long as it is directly related to the business and improves skills or knowledge required for the employee's job.

Companies Can Deduct the Cost of Training Provided to Employees