I am an actuary intern and I paid for the course and the actuary fm exam myself. Are these cost tax deductible?

To be actuary multiple exams need to be taken in different subjects. I took the financial mathematics exam. Without taking this exam I could not move from an intern to an actuary I position. I am still an intern because there are no actuary I positions available.

1821

Level 15

Jun 4, 2019 6:36:48 PM

Expenses to enter a new profession are not deductible. But see this:

https://www.irs.gov/credits-deductions/individuals/llc

Employee Tax Expert

Jun 4, 2019 6:36:49 PM

See this answer from TurboTaxGeoffreyG for an example of when prep courses and exams are, and are not deductible.

https://ttlc.intuit.com/replies/5644474

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I am an actuary intern and I paid for the course and the actuary fm exam myself. Are these cost tax deductible?