Pub. 17, Chapter 29 - Tax Benefits for Work-Related Education
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:
- What educational expenses qualify and what educational
expenses do not qualify,
- What expenses for qualifying education can be deducted,
and
- How to claim the deduction using Schedule A (Form 1040) and
Form 2106 or Form 2106-EZ if you are an employee.
Educational expenses that are not work related, such as the costs
of sending your children to college, are personal expenses that you
cannot deduct as business expenses. However, you may be eligible for
other tax benefits. Information on the education tax credits is in
chapter 36,
on the education IRA and 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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