In some cases, the fees for the Graduate Management Admission Test (GMAT) may be tax deductible. In the United States, education expenses that are required to maintain or improve professional skills may be eligible for a tax deduction. This includes the cost of tuition, fees, books, and other materials required for the course of study. However, the tax deduction is only available for expenses that are paid to maintain or improve skills required in the individual’s current job, and it is subject to certain limits and restrictions. It is always best to consult with a tax professional or refer to the Internal Revenue Service (IRS) guidelines to determine if your GMAT fees are tax deductible.
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