IRS Tax Forms  
Publication 17 2001 Tax Year

Introduction

If you are working and have work-related educational expenses, you may be able to deduct all or part of the cost of your education as a business expense deduction. This chapter discusses:

  • Qualifying education,
  • What educational expenses are deductible, and
  • Where to deduct expenses.

You cannot deduct educational expenses that are not work related, such as the costs of sending your children to college. However, you may be eligible for other tax benefits. Information on the education tax credits is in chapter 36, on making withdrawals from IRAs for educational expenses in chapter 18, and on cancellation of student loans in chapter 13. Information on student loan interest is in Publication 970, Tax Benefits for Higher Education.

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