Tax deductions can be classified into those above the line, which are beneficial to the taxpayer regardless of income, and below the line, which are only valuable to the extent that they exceed the standard deduction amount of the taxpayer, which in 2014, for example, was $6,200 for a single taxpayer.
Program Cost. The average cost of a masterâs degree is between $30,000 and $120,000. The cost varies on the degree program and the school providing the degree.The average cost for an MBA degree is $40,000 per year or $80,000 for two years. Typically, a student can pay less if they pay in-state tuition at a public university.rogram Cost. The average cost of a masterâs degree is between $30,000 and $120,000. The cost varies on the degree program and the school providing the degree.
Between 1996 and 2006, the average cost of obtaining a masterâs degree rose from $9,272 to $14,825, a 60% increase.The cost of a Ph.D. has risen at a similar rate, from $13,423 to $20,903. The actual cost of a masterâs degree will vary depending on the school you attend, and the type of field you choose to pursue.hen planning your budget with the intention of pursuing a masterâs degree, itâs important to consider any additional expenses or discounts you might incur. Some universities, such as Princeton, will subsidize housing for graduate students; an apartment normally costing $1,600 per month might only cost $600 to $700.