Can I deduct training costs as tax deductible?
January 4, 2014 7:54 PM Subscribe
If I paid back an employer for training costs and business expenses related to the training - are these tax deductible?
posted by lpcxa0 to Law & Government (2 answers total)
As part of my termination agreement with a 2013 employer, I had to pay back 50% of the training costs and business expenses associated with the training. My portion came out to be over $3,000 total paid back to my employer. The business expenses (hotel, car, airfare, mileage) are going to be listed as part of my compensation on my W2 as they were reimbursed directly to me while the training was paid for directly by them. Everything was done in 2013, so this doesn't affect last year's taxes.
Can anyone help me make sense of what is tax deductible, how I would list it, and how likely this is going to be in triggering an audit? The only thing I've found related to this online is IRS Publication 535
. I would like to avoid going to a professional, but can if highly recommended.