Tax season is quickly approaching. And a simple form can help your families deduct up to $4,000 for K-8 grade tuition and $10,000 for 9-12 grade tuition on their state income taxes.
This state tax deduction has been available since 2014, thanks to WCRIS advocacy and your support. The deduction saves private school families nearly $8 million per year. The state budgets for around $12 million per year so there is room for more families to use the deduction.
School principals should send the Wisconsin Department of Revenue Schedule PS form home with students. Give parents a head start by filling in your school’s name in the first column, school address in the second column and school/church Federal Employer Identification Number (FEIN) in the third column.
Please share this form with your families. Feel free to contact WCRIS with any questions. Learn more about the tuition tax deduction here.
