Biz Write-Offs LogoBiz Write-Offs

Teacher's master's degree

Up to $2,000 credit

Can You Write Off Teacher's Master's Degree?

Short answer: Grad tuition isn't an educator expense, but it qualifies for the Lifetime Learning Credit.

Districts that pay tuition can do so tax-free up to $5,250.

Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose. W-2 employees should ask about employer reimbursement.