Question

Samantha recently was employed by an accounting firm. During the year, she spends $2,500 for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $4,200 for tuition and $450 for books (which are not a requirement for enrollment in the course). Assuming no reimbursement, how much can Samantha deduct for the:

a.) CPA review course

b.) Law school expense

Note: please provide response in Word or Excel format as written responses are difficult to read. Thanks.

Answer 1

Samantha cannot claim any deduction for the CPA review course based on the US tax guidelines.

Similarly Samantha cannot claim any deduction for the Law School expenses based on the US tax guidelines.