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zogs2
New Member

Is there a home school credit for Indiana residents? I have claimed in the past but can't find it this year.

 
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DaveF1006
Expert Alumni

Is there a home school credit for Indiana residents? I have claimed in the past but can't find it this year.

Yes, there is a Home School Deduction for Indiana residents. It's not a credit but is a reduction in taxable income for Indiana residents. This reduction in taxable income is at the rate of $1,000 per qualified student.  With a state tax rate presently at 3.4%, that equates to $34.00 less in state tax per qualified student. Local tax reductions may apply, and will vary by locality.

 

Indiana Home School Deduction

 

@zogs2 

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2 Replies

Is there a home school credit for Indiana residents? I have claimed in the past but can't find it this year.

EDUCATION EXPENSES

Education expenses for grades K-12 are not deductible on your Federal return, whether for private, public, or home schooling, nor are the expenses for tutoring, after school lessons or after school activities, such as dance lessons, sports, etc.  Some states allow deductions/credits for K-12 education and/or home schooling expenses; if your state has these deductions available, you will be prompted to enter them when you prepare your state return.  (As far as I know, the states that offer any sort of K-12 deductions/credits are Arizona,  Illinois, Indiana, Iowa,Louisiana, Minnesota, and Wisconsin)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DaveF1006
Expert Alumni

Is there a home school credit for Indiana residents? I have claimed in the past but can't find it this year.

Yes, there is a Home School Deduction for Indiana residents. It's not a credit but is a reduction in taxable income for Indiana residents. This reduction in taxable income is at the rate of $1,000 per qualified student.  With a state tax rate presently at 3.4%, that equates to $34.00 less in state tax per qualified student. Local tax reductions may apply, and will vary by locality.

 

Indiana Home School Deduction

 

@zogs2 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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