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Lori Singleton-Clarke
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Lori Sigleton-Clarke is a nurse from Bryantown, Maryland who was able to win a court ruling against the IRS. This ruling could set a future precedent and help many students be able to deduct their M.B.A. studies from their taxes. The U.S. Tax Court decided on the issue in December 2009, claiming that Singleton-Clarke had properly deducted almost $15,000 in business school tuition. The ruling could make it easier for many other students to deduct the expense of an MBA degree. The IRS's rules on deducting work-related tuition are complicated, preventing most students from deducting their tuition. This case clarifies the rules. Citations <references/> |
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