Can i deduct trucking school for taxes?

Discussion in 'Trucking Schools and CDL Training Forum' started by survivorman, Sep 4, 2016.

  1. tscottme

    tscottme Road Train Member

    I thought expenses incurred getting another job in you industry MAY be deducted, but not when changing industries, otherwise we could deduct expenses related to getting a job selling sun tan oil in Hawaii.
     
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  3. LizardFinder

    LizardFinder Bobtail Member

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    No one really knows the answer. Just try. Give your tax man the receipt half the people here will lie to sound cool LOL
     
  4. Lisamack

    Lisamack Bobtail Member

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  5. Lisamack

    Lisamack Bobtail Member

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    Yes u can use on your taxes if you file a schedule A. Also you cannot be reimbursed by a company that will hire you.
     
  6. KillingTime

    KillingTime Road Train Member

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    We may have to commiserate in a few years down the road then. I haven't heard anything from them, either...... yet.
     
  7. semiret

    semiret Light Load Member

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    tscottme had it right. The short answer is "no". You can deduct education costs to maintain or improve your skills for your current occupation, but you can't deduct expenses for training for a new profession.

    Here's a link to pub 970 that explains it all.
    https://www.irs.gov/publications/p970/ch12.html

    All that being said, you may be able to deduct part of that expense using the Lifetime Learning Credit.

    Here's a link:
    https://www.irs.gov/publications/p970/ch03.html#en_US_2015_publink1000178154
     
    Last edited: Oct 11, 2016
    SoDel Thanks this.
  8. tscottme

    tscottme Road Train Member

    When I left the C.I.A. They said we shouldn't lie, and I never have.
     
  9. SoDel

    SoDel Light Load Member

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    This is what my tax advisor told me last year.
     
  10. double yellow

    double yellow Road Train Member

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    I wrote mine off. Everything I read said "you can't write it off" because my school was not a "qualifying instituion" (a community college would have been a qualifying institution, but not Joe's Truck Driving School).

    But I was prepared to make the quixotic case that while my school was not accredited, employers accepted it and that's all the truly matters. I certainly could not have been hired without it.

    Would I lose in an audit? Probably. Would I make a big enough stink that it would cost the IRS more to defend their silly stance than they would stand to collect? Absolutely. The IRS hates to take cases to court, and often settles at huge discounts during the appeals process.
     
  11. CargoWahgo

    CargoWahgo Road Train Member

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    Only improving your skills.

    ...so get a job as a pizza delivery guy before you go.

    Where's Teds postcard when you need it.
     
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