MBA Tax Deduction

[DanS]

Japher, you might be able to deduct your 2009 MBA tuition at X! Nebraska, you might be able to deduct your 2009 tuition at Columbia! Pro se representation might be a hassle, though.

A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.

The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.

http://online.wsj.com/article/SB10001424052748703535104574646582965101664.html

Another demonstration of how our system of tax deductions is complex, arbitrary, and corrupt.

[-Jrabbit]

MBAs should be charged a surtax for being a drain on society and, in general, douches.

[Drake Tungsten]

MBAs should be charged a surtax for being a drain on society and, in general, douches.

QFT

[KrazyHorse]

There's a good case for the tax deductibility of professional degrees. Insofar as a degree is an investment in human capital, and the payoff is itself taxed as income, the current tax treatment distorts at the human/physical capital margin

[Flubber]

There's a good case for the tax deductibility of professional degrees. Insofar as a degree is an investment in human capital, and the payoff is itself taxed as income, the current tax treatment distorts at the human/physical capital margin

Weird-- In Canada my tuition was always a tax deduction (in the early years my parents could take it)

We also had/have an additional deduction for students in the tax system-- I forget the details but it was so many dollars per month for every month studying. There was even a lesser amount for part-time students

I had never thought about it but would have assumed the US would be similar to encourage education

[DaShi]

I support this. MBA students should get something for their degrees.

[Jon Miller]

There's a good case for the tax deductibility of professional degrees. Insofar as a degree is an investment in human capital, and the payoff is itself taxed as income, the current tax treatment distorts at the human/physical capital margin

Wouldn't wealth trasnfer to those getting professional degrees be better?

JM

[KrazyHorse]

Wouldn't wealth trasnfer to those getting professional degrees be better?

JM

No.

[Harry Tuttle]

I support this. MBA students should get something for their degrees.

Not deductible if degree was used to attain a job

[rah]

If they did this for MBAs they might have to do it for regular college degrees since you could argue the same concept applies. Think of the revenue lost for the government if that passed.

[KrazyHorse]

If they did this for MBAs they might have to do it for regular college degrees since you could argue the same concept applies. Think of the revenue lost for the government if that passed.

Regular college degrees have a larger component of education as consumer good than professional degrees do.