Home Page link  

Private school tuition

 

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Private school tuition Dick Adams 05-31-2007
Posted by Arthur Kamlet on June 1, 2007, 10:42 am
Please log in for more thread options

> My pain management doctor asked me if there was any way he
> could deduct his children's K-12 private school tuition. My
> first response was "I tell you after you take the needle out
> of my back." <g> Instead of telling him "It depends", I told
> him "Generally, no", but I would back to him.
>
> Are there any situations for which K-12 private school
> tuition would be deductible? He lives in Baltimore City so
> he could argue the schools are unsafe.
>
> Since his wife is a University Professor (assume 70K), my
> thought is his Schedule C deductions are close to being
> phased out.

Generally no.

There, we agree.

If he has an ESA or such, he can use the funds in it to
pay many K-12 expenses.

If the child has a medical or mental condition that a
physician states can be alleviated or stabalized by
attendance at the school then it could be a deductible
medical expense.

If the child is employed, say as a model or tennis pro or
musician or Webpage designer, and earning good money, then
payments for courses to maintain or improve skills could be
argued to be 2% employee business expenses on child's
return.

Hey, I'm trying to be creative here :^)

--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
Montessori School for preschool December 15, 2006, 9:59 am
Montessori School for preschool December 15, 2006, 10:05 am
Expensing gas for work and school January 26, 2007, 11:52 pm
Medical School visit and interview, deductable ?? March 29, 2008, 8:44 pm
Consolidate With Medical School Loans and Save Money ! May 10, 2007, 11:34 pm
Taxes on private loans January 30, 2007, 1:26 pm
income from private company loan March 17, 2007, 5:54 pm
chairtable contributions of private company stock December 7, 2006, 8:10 am
What's a "cure default" amount for a private loan? September 20, 2007, 1:00 am
Re: What's a "cure default" amount for a private loan? September 23, 2007, 7:45 pm

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap