St. Thomas Aquinas School #TuitionTaxCredit July 10, 2013 "Dear Parents, This is for your information. For more information go to wcris.org/tuitiontaxdeduction.cfm Tax Deduction for Private School Tuition For the first time in Wisconsin history, parents with a child in a private school will be able to receive a tax deduction for tuition under the state budget recently passed by the state legislature and signed by the Governor. Under the program, parents statewide will be able to deduct up to $4,000 per student in grades K-8, and up to $10,000 per high school student. The tax deduction begins in tax year 2014. Please note, for parents with a high school senior in 2013-14, tuition checks written prior to January 1, 2014, will not be eligible for the deduction. The full language of the motion is included on the website for reference. What constitutes "tuition" remains undefined, so it is still unclear if parents will be able to deduct educational expenses as well as tuition. WCRIS will continue to work with the Department of Revenue to define what expenses can be included in the deduction. I will keep you posted." Pam Kramer School Principal saintthomaswaterford.org facebook/StThomasAquinasParishSchool
Posted on: Thu, 11 Jul 2013 11:10:01 +0000
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