I have been paying for private school, which my children attend. Is there a tax credit for private school that I am able to claim?
Probably not. There’s no federal education credit or deduction when paying for private school at the elementary or secondary level. However, you can claim a tax credit for private school if you pay for your children’s college tuition.
If your children are young, you could consider opening an educational savings account (ESA). ESAs grow tax-free, and you can use them to pay for elementary and secondary education expenses.
Learn who you can claim as a dependent of your federal tax returns from the tax experts at H&R Block.
Are you wondering “Why do I owe taxes this year?” and are stumped for the answer? Let H&R Block’s experts explain why you may owe and what you can do about it.
How much is the tax credit for having a baby? And what about claiming a newborn on your taxes? Learn more about filing taxes with a baby at H&R Block.
Learn more about the American Opportunity Tax Credit and find out if you’re eligible with help from the tax experts at H&R Block.