Question: Are CLE courses tax deductible?
I understand that Continuing Legal Education courses (CLE’s) are deductible, as are professional dues and unreimbursed travel expenses…as a business deduction.
However, could you use the Lifetime Learning Credit? And would you be better off doing so?
Answer: If you are a solo practitioner, they would be business expenses on your schedule C, not subject to the 2% floor. If you are in a partnership, get the partnership to pay, even if it reduces your draw and have the deduction specially allocated to you on your K-1. If you are an employee and you had to pay for the CLE, you will be subject to the 2% floor.
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