Are Cpa Exam Fees Tax Deductible Or Can You Get A Tax Credit For Amounts Paid?

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This entry was posted on Friday, November 20th, 2009 at 6:52 am and is filed under Affiliate Marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Are Cpa Exam Fees Tax Deductible Or Can You Get A Tax Credit For Amounts Paid?”

V on November 20th, 2009 at 7:10 am

Haha, I had a co-worker wondering the same Q, yes it is deductible, but I think it’s classified as a misc. deductible, either as an edu expense or business exp; So I think it’s subject to the 2.5% floor of your AGI.
Something about expenses on improving skills that enable to further in your profession.
Also note that if you get reimbursement from your employer, you would not be able to deduct this expense.
Ken F on November 20th, 2009 at 7:19 am

No. It’s a cost towards a new career, so it’s not deductible even as a job search expense.