- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
There is no federal tax credit for K-12 tuition. You can withdraw money from a 529 or Coverdell account ot pay for K-12, With Coverdell or 529 plan you can save for education and not pay tax on the earnings as long as it is used for education expenses.
Some states do offer families tax relief for K–12 private school expenses. Alabama, Illinois, Indiana, Iowa, Louisiana, Minnesota, South Carolina and Wisconsin offer private school choice programs known as individual tax credits and deductions.
March 17, 2021
5:05 PM