Educational expensesQuestion Is employer-financed education assistance deductible?
Answer Yes. If the courses are job related, your payments are deductible as non-compensatory business expenses. If the courses are not job related, your expenses are deductible as wages. If you pay for re-training for an employee you've laid off, you may also deduct your payments.
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
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