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by lolinder 795 days ago
Only a few categories of people get to claim professional development expenses as a tax deduction [0], mostly self-employed.

> If you qualify for itemized deductions, which you do if you have a mortgage

If you have a sufficiently large and expensive mortgage and/or are filing as an individual. Our interest almost got us over the standard deduction in the first year, but every year since then the standard deduction threshold just gets further and further away.

[0] https://www.irs.gov/taxtopics/tc513

1 comments

Dont worry - next year is last year of increased standard deduction =)
Won't help now, though, because the amount of interest we pay has gone down and will continue to go down. =)