Hal_Al
Level 15

Education

@Opus 17 makes a very good point.  Job related education is not a  deductible expense and there is no way to reclassify this money as tax free on your tax return. But, tuition paid, with your money,  to an eligible institution, is eligible for a tuition credit, regardless of the tuition being related to your profession.  Since you are now effectively  paying the post secondary tuition with "your own" after tax money, you are eligible for the Lifetime Learning Credit (LLC). The LLC is 20% of tuition paid, up to $10K.  So there's a chance you'll get most of it back.  Grad students are not eligible for the more generous American Opportunity Credit (AOC or AOTC).

 

I have revised my answer above to reflect this.