Tuition

Private School Tuition is not Deductible On Taxes

Private School Tuition is not Deductible On Taxes

Private school tuition is not deductible. As with the inaccurately reported demise of the student loan interest deduction, this perpetually confusing myth likely got a recent boost in interest thanks to a meme that appeared earlier this year which claimed that private school tuition was made deductible as part of the tax reform bill.

IRS offers guidance on recent 529 education savings plan changes

IRS offers guidance on recent 529 education savings plan changes

The Internal Revenue Service and Department of the Treasury today announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans.