The mileage rate is the standard business rate of $0.575.
Continuing Education. The
general rule is: Educational expenses to improve your current job skills are
deductible. But learning a new job is not.
If you're self employed, you can deduct, as a business expense, on
schedule C. If the courses were taken
at a recognized college or vocational school (educational institutions eligible
to participate in the student aid programs administered by the Department of
Education), you can take either the Lifetime Learning Credit or the
Tuition & fees deduction (but not the Hope or American
Opportunity credits) If the above doesn't apply, you can deduct as an employee
expense, an itemized deduction subject to the 2% of AGI threshold.
In TurboTax enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-I'll choose what I
want to work on
-Scroll down to:
--Employment Expenses
---Job related expense
You can also deduct the
mileage if you go directly from your work site to the school. You cannot deduct
the mileage from school back to home, unless the schooling is considered
temporary (expected to last less than 1 year and actually does last less than 1
year).
NOTE: The new tax law eliminates all
miscellaneous itemized deductions subject to the 2% of AGI limitation, including that one, for 2018
through 2025. The deduction was still available for 2017.
Yes
No
