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The MBA and Tax Deductions (as potentially applying to information professionals)

January 9, 2010

Today’s Wall Street Journal has two articles which may be relevant to information professionals for whom the MBA is not leading to a new line of work, but improving their skills.

Specifically, the two articles, one on the actual decision and one on its implications, focus on Lori Singleton-Clarke, a nurse, and her deduction of nearly $15,000 in business school tuition in order to improve her skills in her current line of work.  The IRS had contested her 2006 deduction and the US Tax Court ruled that it was proper given the narrow definition.  According to the Wall Street Journal, this case has helped clarify the deduction rules for other students as well.

If you’re thinking of getting an MBA to better improve your skills, but not to change positions, it’s worth a read – it certainly seems that it could also apply to information professionals!  (Note:  this is not legal advice)

Article on implications for MBA students:  http://online.wsj.com/article/SB10001424052748703535104574646591234662668.html

Related article focusing on Lori Singleton-Clarke’s “duel” with the IRS: http://online.wsj.com/article/SB10001424052748703535104574646582965101664.html

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