Education Expense
Response to the following problem:
Aimee is a self-employed CPA. She holds both a bachelor's and a master's degree in accounting. Each year she takes two graduate courses at the local university to satisfy her continuing education requirements, as required by state law to keep her CPA license. Her coursework will not lead to her getting another degree.
During 2014, Aimee spent $2,400 for tuition and $600 for books. She also drove her personal car 600 miles getting to and from her classes. What amount can Aimee deduct as an education expense on Schedule C?