I work as an accountant for this firm but when I started I didn't have a college degree. My firm required that I earn a B.S. degree in accounting, so I enrolled and obtained the degree. My employer didn't reimburse. I decided to sit for the CPA exam; for which I passed and now I'm a CPA at the firm.
Now I'm trying to figure out can if I deduct the tuition on my taxes...from what I reading out of IRS162-5.a.1, I could have since my job required. But now that I have my CPA which wasn't a condition for my retention at the firm, but a condition of my advancement, those educational expenses can't be deducted.
Is that correct...without my CPA I could have deduct, but with it I can't deduct?
Thanks any help would be great!
