MBA Tax Deduction
I spent about $30,000 in tuition for MBA last year. I got about $3000 refunded by my work, but they showed it as income (so taxes are already paid and everything). I want to be able to deduct the MBA as a miscellaneous expense (because otherwise I get about $2000 as tuition deduction -- maybe -- I make too much to contribute to either of the education credits).
I am a senior programmer at my company. I do some lead work on projects, including communicating with other teams and juggling multiple projects at a time. My company has a policy of not paying for education unless it somehow relates to my current role, but I don't know whether that's good enough for IRS.
I also do freelancing work (two different lines, really) on the side, but I earned very little in the way of income and am indeed showing a loss all in all.
So — my question is regarding whether I can deduct my tuition as a miscellaneous expense.