Question by  clocktik85 (17)

Is the fee for the CFA exam tax deductible?


Answer by  bonnie56 (359)

If you are required to take the CFA exam for your job and your employer does not reimburse you for the fee, then you can claim it on your takes as an unreimbursed business expense.


Answer by  SubhashChander (1773)

The fees for all those exams which add to a person's professional qualifications and would help him or her in his/her business are deductible from the Income.


Answer by  jon6 (488)

No, this fee is not tax deductible. If you own your own business and this expense is a business expense you can use it to offsett your business's income. This will result in lower taxes.


Answer by  Christopher2600 (108)

In short, yes is is deductible as a cost of education. Save your receipt and itemize the cost on your tax return.

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