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Tax Court approves tuition deduction for MBA

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in Leaders & Managers,Management Training,Small Business Tax,Small Business Tax Deduction Strategies

A taxpayer who represented herself in a Tax Court tussle with the IRS has prevailed in a surprising new decision. The court allowed the taxpayer to deduct almost $15,000 of tuition incurred to attain a master’s degree in business administration. The new case may open the door to deductions in similar situations.

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