With some tax planning, you can pretty well put together an education deduction for an MBA. The basics are as follows:

Be out of school and working for a few years before starting an MBA program.

Get the MBA degree on a part-time basis, if possible.

If you intend to pursue the MBA on a full-time basis, do not leave your current business and then lollygag about for a year or so before starting. Such a delay could cost you your ... Log in to view full article.