Guide to Deducting Cheetah Learning Training Costs on Taxes
Below are the primary ways you can claim your Cheetah Learning training on your US Taxes
1. Self-Employed Individuals (Business Expense Deduction)
If you are self-employed, a freelancer, or an independent contractor, you can deduct the cost of Cheetah LEarning training as a business expense on Schedule C (Profit or Loss from Business). This applies if:
- The course maintains or improves skills required for your profession.
- The course is not required to enter a new trade or profession.
How to claim:
- Report the expense under “Education” or “Training” on Schedule C.
- Keep records of receipts, invoices, and proof of payment.
2. Employer Reimbursement or Deduction for Employees
- If your employer reimburses your Cheetah Learning training, up to $5,250 per year can be tax-free under an educational assistance program.
- If your employer requires certifications for your job and you paid out-of-pocket, you may be able to deduct the cost as a work-related expense if itemized deductions apply. (Note: Since the 2018 Tax Cuts and Jobs Act, most employees cannot deduct unreimbursed work expenses.)
How to claim:
- If reimbursed, no tax reporting is necessary.
- If paid out-of-pocket, ask a tax professional if you qualify under employer-required education rules.
3. Lifetime Learning Credit (LLC)
- The Lifetime Learning Credit provides a credit of 20% of up to $10,000 in eligible education expenses (max credit: $2,000 per tax return).
- The training must be from an “eligible educational institution”—many private training providers do not qualify.
How to claim:
- If your training provider does not issue a 1098-T, you will need to provide receipts, invoices, and proof of payment.
- Confirm eligibility with a tax professional.
4. Business Owners Deducting Employee Training
If you are a business owner paying for Cheetah Learning training for your employees, you can deduct the cost as an employee training expense under:
- Schedule C (sole proprietorships)
- Business tax returns (corporations, LLCs, partnerships)
How to claim:
- Report as a professional development or employee training expense on business tax filings.
- Keep proper records of payments and training receipts.
Key Documentation to Keep
Regardless of which method you use, keep the following records:
- Invoice or receipt from the training provider
- Proof of payment (credit card statement, bank transfer, check)
- Course description and proof of completion (if applicable)
Since tax laws can change, we strongly recommend consulting a tax professional to determine your eligibility for deductions or credits.
Need More Help? For further guidance, consult a CPA or tax preparer who specializes in professional education deductions.