Can I write off tax for training related to my job? - Forum
12/8/2016 11:48 AM
I'm a manager looking at taking some training courses to help with leadership and communication. Wondering what the rules are around getting tax written off since its related to my job? Help would be great.
RE: Can I write off tax for training related to my job?
12/9/2016 7:36 AM
Josh, Findcourses team
A work-related training course must fit into one of two categories in order to be tax deductible. These are:
1. The education maintains or improves skills required in your current employment, business or area of trade but does not qualify you for other roles or careers (i.e. courses that only equip you with skills directly applicable to your current role).
2. The education meets the requirements of your employer, applicable law or regulations (e.g. courses required to maintain working licenses).
There are other requirements as well which we have outlined in our article, The Basics of Professional Development Tax Write Off. If you have more questions, take a look at the IRS website (links in the article) or have a conversation with your company's HR Manager who may be able to help you come up with a professional development plan and work with you to figure out tax write off for it.