- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I am a homeschool parent and have to pay for a lot of educational materials and supplies. I don not have a form 1098-T because I am not a college institution. I homeschool a seventh grader. How do I c
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I am a homeschool parent and have to pay for a lot of educational materials and supplies. I don not have a form 1098-T because I am not a college institution. I homeschool a seventh grader. How do I c
Education expenses for grades K-12 are not deductible on a federal tax return. Some states may have this as a deduction or credit and the TurboTax state program will cover this if it is available.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I am a homeschool parent and have to pay for a lot of educational materials and supplies. I don not have a form 1098-T because I am not a college institution. I homeschool a seventh grader. How do I c
If you also work as an eligible educator, you can possibly receive a deduction for expenses you incurred at work. Eligible educators can deduct up to $250 (per spouse) of qualified out-of-pocket expenses paid in 2019. Neither spouse can deduct more than $250 of his or her own qualified expenses. Eligible educators include kindergarten through grade 12 teachers, instructors, counselors, principals, or aides in a school for at least 900 hours during a school year. Qualified expenses include books, supplies, equipment (including computer equipment and software), other materials used in the classroom, and professional development courses related to the curriculum taught by the educator. No deduction is allowed if the expenses are reimbursed by the employer and not included in box 1, Form W-2.
Learn more in IRS Publication 17 (p. 137). Please note, this is the 2018 version. The 2019 version has not yet been finalized.
However, you cannot deduct homeschool expenses for your own child.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Still have questions?
Or browse the Forums