For Over 30 Years GenerationTax Has Been The Definitive Source for MBA Tax Related Issues

Lewis Weinstein speaking at HBS


Call or email Lewis Weinstein
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Consider a Roth IRA Conversion During Your Low Income Years

Consider Amending Your Tax Return to Deduct your MBA as a Work Related Expense

Consider Withdrawing Funds From Your IRA–Penalty Free

Consider Recognizing Long- Term Capital Gains in Low Income Years

Consider a Backdoor Roth IRA

Big Changes for MBA’s in 2018

Prior to the 2018 tax year, you could deduct your qualified MBA expenses as an itemized deduction for work-related education. Beginning with the 2018 tax year, you can no longer deduct the cost of your MBA tuition and course related material as an itemized deduction. Please note that if you did not deduct your MBA expenses in 2017 or in prior years, you can still amend your tax return to claim the deduction. You have 3 years from the due date of your original tax return, or when your original return was filed (whichever comes later), to amend your return. Learn more if your MBA expenses are tax deductible for work related education.

For 2018, you may be eligible to deduct some of your MBA expenses by taking advantage of the Lifetime Learning Credit or the Tuition and Fees Deduction. The Lifetime Learning Credit allows you to take a maximum tax credit of up to $2,000 (20% of the first $10,000 of tuition and required fees). Tax credits are much more attractive than deductions since they provide a dollar-for-dollar reduction of your income tax liability. This means that a $2,000 tax credit saves you $2,000 in taxes. On the other hand, tax deductions just lower your taxable income and the savings is equal to the deduction multiplied by your marginal tax bracket. To qualify for the Lifetime Learning Credit your income must be $67,000 or less (or $134,000 if married filing joint). Alternatively, you could utilize the Tuition and Fees Deduction of up to $4,000. To qualify for the Tuition & Fees Deduction, your 2018 income must be $80,000 or less (or $160,000 if married filing joint).

Who We Are and Why Us

Unmatched Experience & Expertise!
Lewis Weinstein, the founder of GenerationTax, has been helping MBAs from the nations top tier business programs for over 30 years. He is a frequent lecturer at HBS, Sloan and Tuck on MBA tax related issue. Unlike impersonal tax preparation franchises or online tax services, Mr. Weinstein will personally prepare your tax returns. He works with all levels of tax complexities including: education credits and deductions, multi-state resident and non resident returns, private equity carry and co-investment K-1 income, Roth conversions, stock options, penalty free IRA withdrawals, foreign earned income issues, international tax returns, start-up ventures, and much, much more.

100% Success Rate/Free Audit Assistance & Representation
Lewis Weinstein will personally prepare your tax returns. He currently has a 100% success rate on MBA tax returns that are audited. Mr. Weinstein stands by every return with Free Audit Assistance & Representation and an Unconditional Money Back Satisfaction Guarantee.

Proactive Tax Planning
We take a very proactive approach to helping you reduce your taxes over the 3 calendar years of your MBA and beyond. You’ll receive ongoing tax planning advice such as converting your 401K or traditional IRA into a tax free Roth IRA, taking penalty free withdrawals from retirement funds, when to receive signing bonuses, and more!

Unconditional Money Back Guarantee
We stand by our expert service. We will refund your payment in full if you are not completely satisfied with our services.

Call or Email Lewis Today
for Your Free Consultation.