Published: December 31, 2013
Tax Deductions and the MBA
The U.S. Tax Court recently ruled that an MBA student who deducted $17,000 in tuition expenses from his 2009 tax return owes more than $2,500 in back taxes to the Internal Revenue Service, Bloomberg BusinessWeek reports. Ouch. As follow up, Bloomberg BW offers a few things to keep in mind regarding tuition deductions. “The rules…
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