I took a job that by law requires I have a Masters Degree. Is graduate tuition tax deductable?

In January 2007 I took a position that required a Masters by the end of the year, I then enrolled in a graduate program.


In July 2007 I took a job that by law requires me to have a Masters Degree.(Hospital Administation). In December 2007 I received a MBA in Healthcare Administration. Is this tuition deductable as a business expense?|||Work-Related Education


You can deduct expenses you have for education, even if the education may lead to a degree, if the education meets at least one of the following two tests.





It maintains or improves skills required in your present work.





It is required by your employer or the law to keep your salary, status, or job, and the requirement serves a business purpose of your employer.








You cannot deduct expenses you have for education, even though one or both of the preceding tests are met, if the education:





Is needed to meet the minimum educational requirements to qualify you in your trade or business, or





Is part of a program of study that will lead to qualifying you in a new trade or business.








If your education qualifies, you can deduct expenses for tuition, books, supplies, laboratory fees, and similar items, and certain transportation costs.





If the education qualifies you for a new trade or business, you cannot deduct the educational expenses even if you do not intend to enter that trade or business.





This deduction would be taken on Schedule A under unreimbursed employee expense and you can claim that amount of expenses that is more than the 2% of your adjusted gross income.





You would want to check out the educational credits to see what is the best way for you to go