Tuesday, August 24, 2010

Is there some sort of tax break for parents who send their children to private schools?

Our son is in Public school but we are considering a move to a local Christian private school. The tuition is 5,000 usd a year.Is there some sort of tax break for parents who send their children to private schools?
I don't know, I would talk to an accountant about it. But I do know that our local private school has let parents come in and volunteered and discounted their rates.Is there some sort of tax break for parents who send their children to private schools?
No there is not, but thee is a tax break for others (and a very slight one for you) when the public schools do not have to pay for his education.
The only one that I know of is the Coverdell Savings Program. This allows you to save money in a tax-advantaged way as long as it is used for qualified purposes. It is similar to the 529 plan except it has a maximum of $2,000 per year and it can be used for Private High School instead of just college.
since its christian they will have less trouble getin into a college or university because of the harder scale. also, u will most likely get financial aid in the form of less upfront tuition costs, lunches, etc. u should definatley talk to the superior at the school
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