Can I pay myself tuition reimbursement?

Discussion in 'Trucker Taxes and Truck Financing' started by makterna, Jan 12, 2022.

  1. tscottme

    tscottme Road Train Member

    The IRS doesn't allow deducting educational expenses unless they are for your CURRENT occupation.
    Topic No. 513 Work-Related Education Expenses | Internal Revenue Service
    "To be deductible, your expenses must be for education that (1) maintains or improves skills needed in your present work or (2) a law requires to keep your present salary, status or job. However, even if the education meets either of these tests, the education can't be part of a program that will qualify you for a new trade or business or that you need to meet the minimal educational requirements of your present trade or business."
     
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  3. Sirscrapntruckalot

    Sirscrapntruckalot Road Train Member

    An the above posts are why you should talk to an actual accountant.

    20 replies, an a bunch of different answers and detours to other topics.

    Save yourself the headache...call an accountant.

    ;)

    Sirscrapntruckalot - It's weird when I meet a bookkeeper and they don't actually own any books...
     
  4. Rideandrepair

    Rideandrepair Road Train Member

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    No telling what the IRS allows. A good Accountant will know. Every year things change. Let them do your taxes. The cost with more than pay for the service.
     
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