Article Date:
December 2018

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Update on Claiming Business Deductions for Work-Related Education

As a small-business owner, you probably incur work-related education expenses from time to time. You may even decide to pursue an advanced degree, such as a Masters of Business Administration (MBA).


You likely want your employees to be on a path of continuous improvement.


There’s much to know about how such business deductions work for both you and your employees. The Tax Cuts and Jobs Act (TCJA) tax reform may trigger a need for you to change your strategy to help your continuous learning (likely your most valuable) employees.


In this article, we explain when you can deduct education costs for both you and your employees as tax-deductible business expenses and also when you personally can claim the higher-education tax credits on your Form 1040. ... Log in to view full article.

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