2007-11-06 08:09:28 · 4 answers · asked by Allison S 1 in Business & Finance ➔ Taxes ➔ United States
Private school tuition through kindergarten is considered child care and allowable for child care credit.
2007-11-06 12:07:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Only if the purpose of their attending is to allow the parent (or both parents, if both are in the home) to work. Then it would most likely qualify for a child care tax credit for part of the amount.
If it's just a short time each session, and the parent isn't working during that time, then no you can't claim it.
2007-11-06 19:44:59 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You would be allowed to claim 20% up to $3,000 for this childcare expense. However, keep in mind, the IRS will not allow you a tax credit once your child gets into kindergarten (regardless if private school)..
2007-11-06 16:59:47 · answer #3 · answered by MBATXguy 4 · 0⤊ 2⤋
You can get a credit of 20% of up to $3,000 of it. This is a regular credit, not a refundable credit like EIC. So if you pay in tax, it can be lowered or eliminated., but you will not get back more than you paid in.
2007-11-06 16:18:00 · answer #4 · answered by MB 3 · 1⤊ 1⤋