are educational expenses tax deductible

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As of the 2018 tax year and into the future,education tuition costs areno longer deductibleto individuals on Schedule A of their personal tax returns. The cost of continuing education credits for employees is included as an expense of your business if it meets these restrictions:

People also ask


  • Can I deduct education expenses on my tax return?

  • There are three possible ways to deduct qualified education expenses on your tax return. The tuition and fees deduction is available to all taxpayers. Then there are two education credits you can claim: the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).

  • What education expenses are not considered education expenses?

  • Education expenses that don鈥檛 qualify. Most fees outside of tuition do not qualify as education expenses. The following expenses are not qualified education expenses: Room and board, or other living expenses; Student health fees and other medical expenses; Transportation; Insurance, including property or renters insurance for college students

  • Are continuing education expenses tax deductible if you are self-employed?

  • On the other hand, if you鈥檙e self-employed, you can deduct education expenses as long as the education maintains or improves skills required by your current line of work, or is mandated by law or industry regulations (for example, if you鈥檙e required to take X hours of continuing education every year to keep your license).

  • What are qualified education expenses for education credits?

  • Qualified Education Expenses for Education Credits. For AOTC only, expenses for books, supplies and equipment the student needs for a course of study are included in qualified education expenses even if it is not paid to the school. For example, the cost of a required course book bought from an off-campus bookstore is a qualified education expense.

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