There are no federal tax deductions for homeschoolers. However, some states, including Minnesota, Indiana, Louisiana, Illinois, and Iowa offer tax credits or write-offs for homeschooling students. See this article for information on tax breaks for those states (not official tax information).
If you live in one of the states that offers tax benefits for homeschoolers, watch for questions in the State interview in TurboTax to determine your eligibility.
The primary tax break for teachers is the Educator Expense Deduction. To qualify for the Educator Expense Deduction for a given year, you must meet three criteria:
- You worked as a teacher, instructor, counselor, principal, or aide for students in kindergarten through 12th grade.
- You worked at least 900 hours at a school certified by a state to provide elementary or secondary education. This applies to public, private, and religious schools.
- You spent money on qualified educator expenses.
The first requirement prevents college or other post-secondary teachers from claiming the deduction, while the second means homeschooling parents can't take it. See this article for more information.
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