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Are EMBA tuition fees and expenses deductible as work related education expenses on Schedule A?

other details: -none of the costs were reimbursed by employer -incurred by a VP of Advanced strategy group

Answers

James Brandon
Title: Chief Financial Officer
Company: Hytrol Conveyor Company, Inc.
(Chief Financial Officer, Hytrol Conveyor Company, Inc.) |

The answer is, it depends. Such expenses are deductible if the education:

(1) Maintains or improves skills required by the individual in his employment or other trade or business, or

(2) Meets the express requirements of the individual's employer, or the requirements of applicable law or regulations, imposed as a condition to the retention by the individual of an established employment relationship, status, or rate of compensation.

Here is a link to 26 CFR 1.162-5 - Expenses for education:

https://www.law.cornell.edu/cfr/text/26/1.162-5

Mark Emerson
Title: General Manager
Company: gothamCulture
(General Manager, gothamCulture) |

Here is the IRS doc:

https://www.irs.gov/publications/p970/ch12.html

Yes, it would be on Schedule A. In general, the education has to allow you to move up within your current profession - it can't be just to keep your current job. In my case, it was a requirement for me to move from Controller to CFO and was thus deductible. I got a letter from my employer saying that they were requiring me to get an MBA - they paid half of the costs and I was able to deduct the balance.

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