Monday, January 11, 2010

MBA tuition now tax deductible?

Last weekend's WSJ reports that a Maryland nurse won a case in US Tax Court that will allow her to deduct MBA tuition from her federal taxes. The IRS ruling cites the finding that the MBA was necessary for her current job, as opposed to some future position, as the decisive factor. This could be a tremendous boost for part-time and executive programs. ADVICE TO NC STATE MBAS: Please read both articles and strongly consider consulting with a tax accountant or attorney before claiming your 2009 MBA tuition as a tax deduction.

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