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.