Question
Does anyone know if you can claim the price of the exam on your taxes as a deductible? Say further education or advancing skills?
I am a Jack of all trades, Master of None
Comments
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wes allen
Member Posts: 540 ■■■■■□□□□□
If you are already self employed in IT, then you should be able to write it off against earnings, but you need to talk to a professional before doing so. If you are a w-2 employee, then unless you are already itemizing deductions, I doubt it would be beneficial to start for the price of a few tests. -
wes allen
Member Posts: 540 ■■■■■□□□□□
If you pay out of pocket for an IT course, you may be eligible for somewhat of a credit though - Publication 970 (2011), Tax Benefits for Education
Having a tax professional you can talk with is always the best course of action though. -
Darril
Member Posts: 1,588
I'd agree that asking a tax professional is the best choice.
I know that if you have a technical business, you can claim the price of exams, books, technical subscriptions, and professional fees as business expenses.