Can You Claim A Deduction For Paying Tuition At A Private School?

Question

We (Husband and I) pay a monthly tution rate for our 5 yrd old daugher. We live in Texas and for the last 3 years we have been claiming a deduction for daycare since we both work. Are there any deduction/benefits for paying for a private school?

Answer 1

Once your child leaves daycare there are no deductions or credits until she goes to college. Then there are 2 credits available to reduce your/her costs. But by the time she goes to college there may be changes in the tax codes of either your state or the Federal govt to allow some kind of tax credit for her attending a private school. The idea behind this is that the parents of a child that goes to private school are providing an open seat in the public schools to lessen overcrowding. The parents usually argue that they're paying 'twice' since their real estate taxes are still paying for a public seat their child doesn't use. Good Luck

Answer 2

Not at the federal level. If the school has daycare before and after the school day (some do), then the portion attributed to that might be able to be taken as daycare expense if they split it out, for example by charging a higher rate if you take advantage of the daycare time than for people who don't.

There could be some states that allow a deduction. Since Texas doesn't have a state income tax, that wouldn't apply to you.

Answer 3

I concur with Judy. Our office actually has a few clients who have day-care expenses at a private school. However, the education element through 12th Grade is not deductible.if you are going to take advantage of any after-school care that the schoo provides, I would recommend separate bills and separate checks in payment. You will need the same sort of statement at the end of the year that you should have received from daycare the past three years.

Answer 4

The complexities of our government run tax sequence courses enable some the skill to conquer the device...the two you...GE...or the hundreds who document no tax return...it somewhat is a device that provides all of us an danger to interest the device. the real wrongdoer is the unclarity of the sequence procedure, accompanied heavily by way of any electorate capacity to rationalize their own duty. As a united states...we are a doomed relatives that has an errant father and siblings whom evade character strengths for short term earnings. If existence is a circle then you definately can envision the destiny value will certainly multiply what you talk a reductions right this moment.

Answer 5

Yes if it for your dependent that you claim (sense you said your daughter I am sure you are claiming her).