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Tax write-off for a company that helps pay the tuition for an MBA
Hi -
I wonder if the company I work for can give me money to pay for my tuition (I'm pursuing an MBA) ? If so, how much can the company claim as a write off ? and what is the process to follow for the company ?
Also, as an individual, can I claim the tuition and/or the loan interests on my tax return for next year ?
I've also read about Business Deduction for Work-Related Education but I'm not sure how this would apply ?
Thank you for your help.
I wonder if the company I work for can give me money to pay for my tuition (I'm pursuing an MBA) ? If so, how much can the company claim as a write off ? and what is the process to follow for the company ?
Also, as an individual, can I claim the tuition and/or the loan interests on my tax return for next year ?
I've also read about Business Deduction for Work-Related Education but I'm not sure how this would apply ?
Thank you for your help.
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May 31, 2019
5:47 PM