The federal government does not offer any tax benefits for homeschooling families. The following states offer tax credits or deductions for homeschooling:
Illinois
The Education Expense Credit is worth up to $750 per year for eligible families. It's available to parents or legal guardians of full-time homeschooled students under 21.
Indiana
Parents of homeschooled elementary or high school-aged children may be eligible for a $1,000 deduction.
Louisiana
A tax deduction of up to 50% of qualifying educational expenses, up to $5,000 per dependent.
Minnesota
Families may be eligible for a tax credit or a tax subtraction. The subtraction is worth up to $1,625 per qualifying child in grades K–6, and $2,500 for a qualifying child in grades 7–12. The credit reduces taxes owed, limited at 75% of expenses, and there is an income cap.
North Carolina
A tax credit of $1,000 per qualifying child. A qualifying child is a dependent child who attended only a homeschool in the state that meets the legal requirements for homeschools.
Montana does have an Education Success Accounts ("ESA"). In Montana it appears that if a student has a documented disability they may qualify for the ESA+ to help cover homeschool costs
All the best,
Marc T.
TurboTax Live Tax Expert
27 Years of Experience Helping Clients
Ohio
Ohio provides a tax credit of up to $250 for qualifying home education expenses, including books, supplementary materials, supplies, computer software, applications, or subscriptions
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