Posts tagged as:

tuition

Ask the taxgirl: Deducting College Expenses

3 April 2010

Taxpayer asks: I am retired and my wife and I support a son in college. We send him $2000/mo for room and board and I spend another $900/month paying off his Sallie Mae student loans. Is any of this deductible? If so, where do I declare it on my tax form. I generally use an [...]

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Ask the taxgirl: Child Care and Stay at Home Moms

19 February 2010

Taxpayer asks: I’m a stay at home mom (not employed) and my son attends preschool part-time a few days a week. My husband and I file jointly and we live in Arizona (don’t know if that matters). Can we deduct the tuition we pay to the preschool? Thanks so much! Taxgirl says: You’re going to [...]

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Ask the taxgirl: Autism & Special Needs Children

10 July 2009

Taxpayer asks: My husband and I have a 4 yr old daughter diagnosed with autism (higher functioning). We are considering enrolling her in a private preschool that has a program specifically designed to help children with autism, something the public school system cannot offer. The yearly tuition is $22,000. Can any of this be tax [...]

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Ask the taxgirl: College expenses

4 March 2008

Taxpayer asks: My daughter is in her second semester in Troy University. She has never had an income so we are paying everything from tuition, books, clothes, her apartment, providing a car, cell phone, gas etc. I know that I can deduct the tuition, what about the living expenses? Thanks for any info you can [...]

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Does Mitt Romney Favor Stay at Home Moms?

8 November 2007

Mitt Romney has said publicly that parents who home school their children should get a federal tax credit to help offset the expense of teaching. “I also believe parents who are teaching their kids at home, homeschoolers, deserve a break, and I’ve asked for a tax credit to help parents in their homes with the [...]

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Sharpen your pencils! School is in session.

9 September 2007

Remember that Staples ad where the parent runs down the aisle tossing school supplies into the cart while “It’s the Most Wonderful Time of the Year” plays in the background. That’s how I feel about this time of year. As the parent of three children, I love back to school. I crave the sense of [...]

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Back to School.

7 September 2007

Monday marks the official “back to school” date of many schools here in the US. My oldest daughter started last Tuesday and my youngest daughter starts on Monday. It is a busy time. Around this time, there are a lot of questions that come up about tax deductions for tuition, 529 plans, teacher expenses, education [...]

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Ask the Taxgirl: Educational Expenses

23 August 2007

Taxpayer asks: My son’s grandmother has offered to pay his tuition for graduate school this year. Can she get a tax deduction for this? Does my school have to report this as income? Taxgirl asks: First of all, as someone with a slew of student loans for graduate school, tell your son that he’s very [...]

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Call for Questions.

16 July 2007

I recently received an inquiry from a college professor who had questions about how to report deductions on her person income tax return. As part of a “back to school” series debuting in a few weeks, please send your teaching/education related questions to me. I’m seeking questions about tuition, deductions, income, scholarships, grants and more [...]

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The Most Expensive Hat in the World

22 June 2007

(Photo source) You can’t turn around this time of year without seeing caps and gowns all over the place – even on TV. My own alma mater, Meredith College, was recently featured on CBS for its 2007 Commencement. All of this news about graduation and college makes me think about my own children – and [...]

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