Yes, expenses for continuing education are deductible because your husband is currently a Certified Financial Planner.
If your husband is self-employed the costs can be taken as a business expense under Other Common Business Expenses.
If you husband is salaried, the costs can be taken as an expense related to W-2 income. Please
keep in mind, however, that your expenses will only be deductible IF:
-
You itemize your deductions (Schedule A); AND
-
All of your unreimbursed employee business expenses and
other miscellaneous itemized deductions added together are more than 2% of your
AGI. [Only the amount over 2% AGI is deductible.]
To
include unreimbursed employee expenses in your return, please follow these
steps:
- Click on Federal Taxes [Personal in TurboTax
Self-Employed] > Deductions & Credits.
- Scroll down to the Employment Expenses section and
click on the Start/Revisit box next to Job Expenses for W-2 Income. [See Screenshot #1, below.]
- On the Employment Expenses Related to a W-2 screen
mark the Yes button and click Continue. [Screenshot #2]
- Continue through the screens entering the requested
information.
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