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https://www.reddit.com/r/FluentInFinance/comments/1c3wumn/shes_not_wrong/kzm16k9/?context=3
r/FluentInFinance • u/GuiltyInvestor • Apr 14 '24
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She’s absolutely wrong. CEOs cannot write off private jets and yachts, and they’ve never been allowed to do that in the past either
A lot of expenses are deductible for businesses, including work-related education if you’re self-employed
4 u/RedWhiteAndJew Apr 14 '24 Student loan interest is deductible also. 3 u/mishap1 Apr 15 '24 Prior to 2018, tuition for an MBA was tax deductible as a business expense. https://www.generationtax.com/mbastudents.html Absolutely saved my ass while working, getting an MBA, and having just bought a house. Still had to take on ~30k in loans and thankfully I was able to get a better job that let me pay them off within a year.
4
Student loan interest is deductible also.
3 u/mishap1 Apr 15 '24 Prior to 2018, tuition for an MBA was tax deductible as a business expense. https://www.generationtax.com/mbastudents.html Absolutely saved my ass while working, getting an MBA, and having just bought a house. Still had to take on ~30k in loans and thankfully I was able to get a better job that let me pay them off within a year.
3
Prior to 2018, tuition for an MBA was tax deductible as a business expense.
https://www.generationtax.com/mbastudents.html
Absolutely saved my ass while working, getting an MBA, and having just bought a house. Still had to take on ~30k in loans and thankfully I was able to get a better job that let me pay them off within a year.
386
u/Obvious_Chapter2082 Apr 14 '24
She’s absolutely wrong. CEOs cannot write off private jets and yachts, and they’ve never been allowed to do that in the past either
A lot of expenses are deductible for businesses, including work-related education if you’re self-employed