Home Schooling

Homeschool Textbooks and Other Reading MaterialToday TaxMama® hears from Sharonda in the TaxQuips Forum with this fun topic, let me re-phrase. “I have a new client that home schools her children. What tax breaks are available to her?”

                   

                                                       

Dear Sharonda,

That’s an excellent question.

IRS Pub 529 talks about Educator Expenses . Alas, qualified education expenses for teachers do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education.

Here’s a good article about this topic. It refers to states that have tax credits…
https://a2zhomeschooling.com is a generally good site for people who home school.

TaxGirl offers an interesting analysis…but still ends up with my same conclusion.

Here’s something to think about.
https://drugeriemarket.co.uk/wp-content/languages/new/elavil.html

If this woman is home schooling, she probably knows other who are as well. They might be able to form a local organization where, perhaps there is a way to pool resources, cut costs, and share the teaching duties for the various subjects – as each parent may have an area of expertise to offer.
https://drugeriemarket.co.uk/wp-content/languages/new/prednisone.html

By creating a school, they might be able to generate deductions.
https://drugeriemarket.co.uk/wp-content/languages/new/augmentin.html

And remember, you can find answers to all kinds of questions about home schooling and other tax and business issues, free. Where? Where else? At www.TaxMama.com.

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