Business Deduction for Work-Related Education, ALABAMA'S #1 TAX SERVICE

If you are an employee and can itemize your deductions, you may be able to claim a deduction for the expenses you pay for your work-related education. Your deduction will be the amount by which your qualifying work-related education expenses plus other job and certain miscellaneous expenses is greater than 2% of your adjusted gross income. An itemized deduction may reduce the amount of your income subject to tax.
If you are self-employed, you deduct your expenses for qualifying work-related education directly from your self-employment income. This may reduce the amount of your income subject to both income tax and self-employment tax.
Your work-related education expenses may also qualify you for other tax benefits, such as the tuition and fees deduction and the Hope and lifetime learning credits. You may qualify for these other benefits even if you do not meet the requirements listed above.
To claim a business deduction for work-related education, you must:

• Be working.
• Itemize your deductions on Schedule A (Form 1040 or 1040NR) if you are an employee.
• File Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040) if you are self-employed.
• Have expenses for education

MOORE'S SERVICE, LLC

2160 Green Springs Hwy, S. Suite E. 

Brimingham, AL 35205

&

708 8^TH Ave. N. (Rev. Abraham Woods Blvd.) 

Phone: (205) 324-8753

Email: mooresservices1@gmail.com

Website: www.mooresservicesonline.com

Blog: www.mooresservices.blogspot.com

Tags: Google, Yahoo, Bing, AOL, MSN, Ask, Mywebsearch, Blekko, Lycos, Dogpile, Webcrawler, Infoinfospace, Search, Excite, Goodsearch