So, is there a time when an advanced degree can be a deductible business expense? Yes, it can be. It depends on certain factors (or a combination). See this article by Ken Berry in CPA Practice Advisor for more details:

http://www.cpapracticeadvisor.com/news/11440215/is-an-mba-degree-tax-deductible-it-depends

The interesting part of all this is that courts have both allowed and disallowed a deduction, depending on circumstances, so it really is on a case by case basis. Most importantly, if it is not required by your employer or qualifies you for a new profession, it probably will not be deductible. But if it just sharpens skills you already need in your job, you might have a tax writeoff.

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