tax/?
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Do any of you claim homeschooling, use of your home, and expenses
in your taxes?
Linda
in your taxes?
Linda
[email protected]
In a message dated 4/9/02 8:17:45 AM, staclarspr@... writes:
<< Do any of you claim homeschooling, use of your home, and expenses
in your taxes?>>
Why would that work? Unless you're running a school and charging other
people money to teach their kids, there's no business expense to deduct from.
Parents don't claim school clothes and school supplies when their kids go to
school.
Sandra
<< Do any of you claim homeschooling, use of your home, and expenses
in your taxes?>>
Why would that work? Unless you're running a school and charging other
people money to teach their kids, there's no business expense to deduct from.
Parents don't claim school clothes and school supplies when their kids go to
school.
Sandra
[email protected]
In a message dated 4/9/2002 7:17:33 AM Pacific Daylight Time,
staclarspr@... writes:
so there is nothing to deduct the expenses from (they'd only be deductible
from the earnings of the business, not from your other income).
But there is something new - something proposed as tax credits - I haven't
had time to read it carefully and don't know where it is in the bill-passing
process, if anywhere, but it would allow tax credits for some homeschoolers,
if passed.
H. R. 257
To amend the Internal Revenue Code of 1986 to allow a credit against the
income tax for educational expenses incurred in attending public or private
(including religious) elementary and secondary schools and in homeschooling.
http://thomas.loc.gov/cgi-bin/query/z?c107:H.R.257
Also - one state - I think it is Minnesota - allows you to deduct the taxes
you paid on educational materials from your state taxes. You have to have
receipts. It isn't for homeschoolers - it is for all parents.
--pamS
[Non-text portions of this message have been removed]
staclarspr@... writes:
> Do any of you claim homeschooling, use of your home, and expensesYou can't do it as a home-based business because you aren't charging tuition
> in your taxes?
so there is nothing to deduct the expenses from (they'd only be deductible
from the earnings of the business, not from your other income).
But there is something new - something proposed as tax credits - I haven't
had time to read it carefully and don't know where it is in the bill-passing
process, if anywhere, but it would allow tax credits for some homeschoolers,
if passed.
H. R. 257
To amend the Internal Revenue Code of 1986 to allow a credit against the
income tax for educational expenses incurred in attending public or private
(including religious) elementary and secondary schools and in homeschooling.
http://thomas.loc.gov/cgi-bin/query/z?c107:H.R.257
Also - one state - I think it is Minnesota - allows you to deduct the taxes
you paid on educational materials from your state taxes. You have to have
receipts. It isn't for homeschoolers - it is for all parents.
--pamS
[Non-text portions of this message have been removed]