Maybe. If you're taking professional training to acquire or improve job skills to further your career as a stylist or barber, you may be able to qualify for the Lifetime Learning Credit. The credit can be up to $2,000 per tax return to cover qualifying tuition and related expenses for you, your spouse, or a dependent on your tax return. A tax credit like this one is preferable to a tax deduction because it lowers the tax you pay instead of your income, as a deduction would.
To qualify for this credit, you must be enrolled at an eligible educational institution that participates in a student aid program run by the U.S. Department of Education. You'll know if your educational institution qualifies if they send you a Form 1098-T for the tuition payments you made. You can also ask the school if they qualify. If your school doesn't qualify, you may be eligible for a deduction for the money you spent on education if you're self-employed or an independent contractor.
Tax Filing Tips for Hair Salons, Barbers, and Hairdressers
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