Are you self employed or a member of a partnership? You can deduct certain education expenses as a business deduction which will save you or the partnership income tax as well as self employment tax. The education expenses are deductible if:
1. You are already in the business for which the education is used for. If you work in the business but have not met the minimum educational requirement to ‘be in the business’, you are not in the business to deduct these education expenses.
2. You can reimburse or pay for the education of yourself or an employee of you or your entity.