Originally Posted by
ecloebl
Training to enter a new profession is not deductible. Training to improve proficiency in your existing profession is deductible. If you are working on PVT, COM, IFR, none of that is deductible. If you are employed as a pilot and want to work for SWA, the cost of getting the 737 type rating is deductible.
Actually this is not totally correct.
Entering a new profession for a recent college grad is not deducatable. However, if you are a career changer, there is a significant tax CREDIT for career-change vocational training (much better than a deduction) which will put a large chunk of change right back in your pocket. There was a recent thread on this subject.