Deducting the Cost of an MBA

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A Maryland nurse defended herself against the IRS, and got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.

The IRS’s rules on deducting work-related tuition are complicated, and prevents many students from deducting their tuition.

The 47-year-old woman had properly deducted nearly $15,000 in business school tuition by holding strong to her conviction that she deserved the deduction, and that she drew on skills she developed as a nurse responsible for dealing with doctors who may have infringed hospital rules.

The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.

Read More: Is MBA tuition tax-deductible?

This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Deducting the Cost of an MBA is brought to you by SimplifyEm Pay Rent Online and Property Management Software

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