Case 3. For the past two years, Greg has worked as a high school physical education teacher. Greg is also enrolled as a part-time graduate student in educational technology at Illinois State University. Greg paid $3,000 in 2015 for his masters’ degree tuition at Illinois State University for one class on advanced computer technology.
Greg is also a professional body-builder. In preparing for a masters thesis, Greg decided to participate in World Gym's body-building training program, which includes analyzing advanced technology used to help students absorb physical education. World Gym's training program has a regular faculty, curriculum, an enrolled body of students, and advanced technology in its gym equipment. Greg paid $5,000 in 2015 to participate in World Gym's program.
Greg earned $4,000 in 2015 as a body-builder by coming in third in the state contest. How much, if any, can Greg deduct in 2015? Focus only on deductions (not credits). Greg knows about relevant educational tax credits.
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