Are CPA exam study related expenses tax deductible?

  • Creator
    Topic
  • March 7, 2015 at 9:57 pm #192547
    H
    Participant

    Hi,

    My husband pays for all my expenses. Can he claim my CPA review material expenses and exam fees paid as deductions while filing the tax returns?

    Thanks.

Viewing 11 replies - 1 through 11 (of 11 total)
  • Author
    Replies
  • March 7, 2015 at 10:06 pm #653718
    mla1169
    Participant

    Unfortunately, no.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    March 7, 2015 at 10:12 pm #653719
    jinjuujii
    Participant

    are you self employed?

    FAR: 2-27-2015

    March 8, 2015 at 12:01 am #653720
    H
    Participant

    No.I'm not employed.

    March 8, 2015 at 12:03 am #653721
    mla1169
    Participant

    The only educational expenses that are ever deductible are ones paid to a college or university. Even if you were self employed it wouldn't be considered a business expense so that isn't relevant.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    March 8, 2015 at 12:05 am #653722
    H
    Participant

    Thanks a lot 🙂

    March 8, 2015 at 12:16 am #653723
    leglock
    Participant

    and if my employer pays for my review course, the cost is income to me?

    March 8, 2015 at 12:18 am #653724
    mla1169
    Participant

    Yes it is income.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    March 8, 2015 at 5:01 am #653725
    jinjuujii
    Participant

    how about a self employ tax preparer buying CPA review? that wouldn't be a deductible?

    FAR: 2-27-2015

    March 8, 2015 at 2:31 pm #653726
    taxgeek83
    Participant

    https://www.irs.gov/publications/p17/ch27.html

    CPA exam materials are specifically excluded (as are materials to study for the bar).

    March 8, 2015 at 2:45 pm #653727
    KBinMN
    Member

    If you own your own business anything is tax deductible. Just ask any small business owner.

    March 8, 2015 at 3:32 pm #653728
    mw798
    Member

    “If you own your own business anything is tax deductible. Just ask any small business owner.”

    At the same time, ask how often they get audited.

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Viewing 11 replies - 1 through 11 (of 11 total)
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