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Level 2
February 26, 2022
Solved

Took Massage certification. Not eligible for a Credit. Can it be deducted from self employment as business expense even if business opened 5 months later but same year

  • February 26, 2022
  • 2 replies
  • 46 views
Not eligible institution for Life Learning Credit.  Already declaring a loss because of start up but wondering if I can add this $4k state certification toward massage degree.
Best answer by ColeenD3

No, education for the purposes of entering a new profession is not deductible.

 

To be deductible, your expenses must be for education that (1) maintains or improves skills needed in your present work or (2) a law requires to keep your present salary, status or job. However, even if the education meets either of these tests, the education can't be part of a program that will qualify you for a new trade or business or that you need to meet the minimal educational requirements of your present trade or business.

 

Work-related Education

2 replies

ColeenD3
ColeenD3Answer
Level 15
February 26, 2022

No, education for the purposes of entering a new profession is not deductible.

 

To be deductible, your expenses must be for education that (1) maintains or improves skills needed in your present work or (2) a law requires to keep your present salary, status or job. However, even if the education meets either of these tests, the education can't be part of a program that will qualify you for a new trade or business or that you need to meet the minimal educational requirements of your present trade or business.

 

Work-related Education

KnollieAuthor
Level 2
February 26, 2022

Terrific help