Today TaxMama® hears from Sharonda in the TaxQuips Forum with this fun topic, let me re-phrase. “I have a new client that home schools her children. What tax breaks are available to her?”



Dear Sharonda,

That’s an excellent question.

IRS Pub 529 talks about Educator Expenses . Alas, qualified education expenses for teachers do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education.

Here’s a good article about this topic. It refers to states that have tax credits…
http://a2zhomeschooling.com is a generally good site for people who home school.

TaxGirl offers an interesting analysis...but still ends up with my same conclusion.

Here’s something to think about. If this woman is home schooling, she probably knows other who are as well. They might be able to form a local organization where, perhaps there is a way to pool resources, cut costs, and share the teaching duties for the various subjects – as each parent may have an area of expertise to offer. By creating a school, they might be able to generate deductions.

And remember, you can find answers to all kinds of questions about home schooling and other tax and business issues, free. Where? Where else? At www.TaxMama.com.

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