write offs

Unemployed graduates push for tax write-offs on degrees
Harley Schwadron, CagleCartoons.com
Recent college graduates facing extended unemployment have begun inquiring whether the cost of their degrees can be treated as a tax-deductible loss. Accountants report fielding more such questions as hiring in some sectors remains slow. The inquiry reflects broader frustration with the return on investment for higher education when entry-level positions are scarce. The cartoon captures this practical, if unconventional, approach to offsetting student debt through the tax code. It underscores ongoing debates about the value of degrees and the limits of existing tax relief for education expenses.
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29
2020
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