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Basic Federal Income Taxation: Deductions: Education Expenses

This lesson explores those costs that qualify as § 162 education expenses.

Learning Outcomes
On completion of the lesson, the student will be able to:
1. Explain when education expenses will constitute § 162 trade or business expenses.
2. Determine when the costs of obtaining a new degree or license will qualify as § 162 education expenses.
3. Recognize when the § 274(m)(2) limitation on travel as a form of education applies.
4. Discuss how the disallowance of miscellaneous itemized deductions for the years 2018 through 2025 affects a taxpayer's ability to deduct otherwise qualifying § 162 education expenses.

Lesson Completion Time

20 minutes
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CALI Topics

Lesson Authors

Lesson ID

TAX118