Can a Internet Study deduction? Many people turn to us with this question when they have a Online study (e.g. in the subject BUSINESS STUDIES) plan. On this page we summarize the most important facts about this topic. If you have any further questions, please feel free to contact us at any time on the telephone number provided or by e-mail. We look forward to seeing you!
If you want to deduct your Internet studies, you should first familiarize yourself with the tax basics. The key terms here are "Training measure" and "Further training measure". Depending on how the tax office classifies your Internet studies, the costs for online studies can be deducted - or not.
In terms of deductibility, it depends on whether your online studies are a Measure for higher qualification in the current profession (an example here would be the MBA General Management), a First degree (for example with the conclusion Bachelor Business Administration) or a Further training measure which you carry out purely out of personal interest. In the latter case, it is obvious that you cannot deduct your internet studies. You will find details on the other two options in the following sections.
In the case of a first degree course, the costs can be claimed as further training - either as income-related expenses or as business expenses. However, it should be noted here that online studies that are taken up after completing a school career can only be claimed as Special edition can be claimed. If you first complete training after school, it is not a problem to deduct this as a business expense or income-related expense.
However, it should be noted that the content of the degree program has a Relation to the activity performedt must have. For a universally applicable closure such as the Bachelor Business Administration However, this relationship can almost always be established, as business knowledge is always an advantage in business and working life and also has a positive effect on career opportunities.
If you are studying online as a measure to improve your qualifications in your current profession, the same tax conditions apply in principle as for a first degree course: you can treat the online course as a Income-related expenditure which in principle Fully deductible is. However, deductibility is only possible if you work in an industry related to your studies after your Internet studies. In other words, if you decide to work in an industry unrelated to your field of study after graduation, you can deduct your Internet studies from your taxable income. Do not wean.
A frequent question in connection with our online degree programs is whether parents of students can deduct their daughter's or son's Internet studies. Unfortunately, this is not the case: Expenses for children's education are already covered by tax allowances and child benefit. An exception is possible if the student has reached the age of 25 or has already completed vocational training or a course of study and is not gainfully employed.
We hope that you have found our information on the subject of "Setting aside Internet studies" helpful. If you would like to find out more about our degree programs, please read our information pages or request free material. Our Student Advisory Service will be happy to answer any further questions you may have. Start a new chapter in your life now and advance your career with a certified Internet degree!
You can find all the important information about your degree program in your personal study guide.