George has been a licensed CPA in New York since 2005 and has his own accounting practice. Although his CPA license predates the 2009 NY Masters degree or 150 hours requirement for licensure, George feels that a Masters Degree in Taxation would help him in his work. He wishes to enroll in the Masters in Tax Program at Queens College and asks if he will be able to deduct the tuition, books, and associated costs.

Can George deduct the cost of taking their masters degrees?