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Updated over 9 years ago on . Most recent reply

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18
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Shannon Davis
  • Real Estate Agent
  • San Diego, CA
2
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18
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Tax write off

Shannon Davis
  • Real Estate Agent
  • San Diego, CA
Posted

can you write off all your licensing expenses on your taxes? Money to take your mandatory courses etc? 

Most Popular Reply

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Brandon Hall
  • CPA
  • Raleigh, NC
2,285
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Brandon Hall
  • CPA
  • Raleigh, NC
Replied

@Shannon Davis

The costs of education are deductible business expenses only if the education helps maintain or improve skills required in your existing business, or is required by law or regulation to maintain your professional standing.

You cannot deduct costs associated with obtaining education or attending courses for licensure for a new business or profession.

Hope this helped.

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