I am returning to school to get my MBA. Are there any tax benefits pertaining to the costs of this, i.e...tuition, supplies, etc...?
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bshelton613
New Member

I am returning to school to get my MBA. Are there any tax benefits pertaining to the costs of this, i.e...tuition, supplies, etc...?

Looking to find out more details on tax benefits of going back to school and the costs and supplies associated with it. 

1 Reply
Bsch4477
Level 15

I am returning to school to get my MBA. Are there any tax benefits pertaining to the costs of this, i.e...tuition, supplies, etc...?

You can claim Lifetime Learning Credit if you are not claimed as a dependent.  See IRS pub 970. 

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