MBA News: Your MBA May Just have Gotten Cheaper — MBA Tuition May Be Tax Deductible
January 10th, 2010
You may not know who Lori Singleton-Clark is, but you may owe her a huge debt of gratitude. Without a lawyer, Ms. Singleton-Clark, a Maryland Nurse, took on the IRS, which initially denied her right to deduct her MBA tuition, and won. Ms. Singleton Clark proved that her MBA was crucial to her professional advancement and was thus able to deduct almost $15,000 in tuition – a precedent that has implications for thousands of MBA students across the United States. We suggest that you get your tax advice from a professional, but this is certainly an opportunity that should be explored.
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