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Deduction for CDL school?

Discussion in 'Trucker Taxes and Truck Financing' started by grusco, Apr 24, 2012.

  1. Apr 24, 2012 #1
    grusco

    grusco Light Load Member

    228
    161
    Feb 25, 2012
    Rosemount, MN
    0
    I currently have a Class B CDL in MN with school bus/passenger endorsements. I'm attending a CDL school for the Class A at a cost of about $2,500. I'm thinking that's an education deduction. Here's my reasoning:

    You cannot deduct education to change careers but usually you can deduct the education cost if it improves your current job skills. Since I'm already a driver wanting to move from (part time) school bus to OTR I think it should be a deductable expense.

    Any experience with this?
     
    grusco, Apr 24, 2012
    grusco, Apr 24, 2012
    #1
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  3. Oct 6, 2012 #2
    gb2nyc

    gb2nyc Light Load Member

    54
    15
    Aug 8, 2012
    North NJ
    0
    I would like to know if I can deduct the cost of the DMV CDL permit also the TWIC card and hazmat fees, seeing as it is all work related.
     
    gb2nyc, Oct 6, 2012
    gb2nyc, Oct 6, 2012
    #2
  4. Oct 7, 2012 #3
    CondoCruiser

    CondoCruiser The Legend

    19,726
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    Apr 18, 2010
    Tennessee
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    To the original poster it is form 8863. After all the math it ends up being like a $500 credit.

    gb those expenses fall under itemized deductions under job expenses (schedule A). You have to fill out and attach form 2106.
     
    CondoCruiser, Oct 7, 2012
    CondoCruiser, Oct 7, 2012
    #3
    gb2nyc Thanks this.
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