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Where can I deduct 2020 Home-schooling expenses which totaled $2,400?

 
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5 Replies

Where can I deduct 2020 Home-schooling expenses which totaled $2,400?

Nowhere on a Federal tax return - The only Federal education deductions are for college level tuition and qualified expenses.

 

Perhaps your state has a state deduction for state tax..

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Where can I deduct 2020 Home-schooling expenses which totaled $2,400?

generally, they're not deductible. however 

Federal Tax Breaks
While there are no federal tax deductions or credits set aside for homeschoolers per se, there are provisions under federal tax law that allow homeschoolers to relieve some of their federal tax burden. One such provision allows you to deduct the costs of certain special education expenses (e.g., specialized tutoring or tuition to pay for specialized instruction) and therapy as a medical expense. This tax deduction is available to those who homeschool, as well as those who do not. For more information, consult IRS Publication 502.

Another federal tax break available to homeschoolers is the charitable contributions deduction. When homeschoolers make cash deductions to nonprofit homeschooling associations or donate used curricula and other materials to nonprofit homeschool organizations, libraries or other such organizations, they can deduct the value of their deduction on their federal taxes on Schedule A. If you plan to deduct charitable contributions, keep thorough records. For additional information, read IRS Publication 526.

Where can I deduct 2020 Home-schooling expenses which totaled $2,400?

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.**
rjs
Level 15
Level 15

Where can I deduct 2020 Home-schooling expenses which totaled $2,400?

Four states offer a deduction on the state tax return for home schooling. They are Illinois, Indiana, Louisiana, and Minnesota. Each state has different rules and limitations.

 

Where can I deduct 2020 Home-schooling expenses which totaled $2,400?


@Mike9241 wrote:

generally, they're not deductible. however 

Federal Tax Breaks
While there are no federal tax deductions or credits set aside for homeschoolers per se, there are provisions under federal tax law that allow homeschoolers to relieve some of their federal tax burden. One such provision allows you to deduct the costs of certain special education expenses (e.g., specialized tutoring or tuition to pay for specialized instruction) and therapy as a medical expense. This tax deduction is available to those who homeschool, as well as those who do not. For more information, consult IRS Publication 502.

Another federal tax break available to homeschoolers is the charitable contributions deduction. When homeschoolers make cash deductions to nonprofit homeschooling associations or donate used curricula and other materials to nonprofit homeschool organizations, libraries or other such organizations, they can deduct the value of their deduction on their federal taxes on Schedule A. If you plan to deduct charitable contributions, keep thorough records. For additional information, read IRS Publication 526


 I won't get into analyzing the possibility of either suggestion,  but I want to point out for a taxpayer filing a joint tax rerun the 2020 standard deduction is $24,800 so all itemized deductions must be more then that before there is ANY tax benefit, and in addition, only medical expenses that *exceed* 7.5% of AGI are deductible at all.     Since the standard deduction was increased in 2018, very few taxpayers quality for any itemized deductions at all.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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