Private school K-12 tuition is now tax deductible

Collect your deduction today for 2014 taxes

Thanks to advocacy by WCRIS, state law now allows Wisconsin parents to deduct private school tuition on their taxes! Under the program, parents statewide can deduct up to $4,000 per student in grades K-8, and up to $10,000 per high school student. Don't miss out on claiming this deduction on your taxes this year.  

Spread the word to family and friends so they can take advantage of this financial benefit.  The links below provide an overview. Because this is a brand new deduction, some tax professionals may not be aware of it. You may want to share the documents with them, as well:

 


Quick Facts

  • Parents can deduct up to $4,000 per elementary student and up to $10,000 per high school student
  • The average Wisconsin family will see their taxes cut by around $240 per elementary student and around $600 per high school student
  • Every parent or guardian who pay tuition expenses for a dependent child at an eligible private school can claim the deduction
  • Here is a list of eligible private schools