Individual tax credits and deductions allow parents to receive state income tax relief for approved educational expenses, which can include private school tuition, books, supplies, computers, tutors and transportation. Tax credits lower the total taxes a person owes; a deduction reduces a person’s total taxable income.
Watch the short video below to see how individual K–12 education tax credits and deductions work for families.
Check out the list below for quick links to those program details, which include approved expense types, family eligibility tests, participation numbers, funding amounts and more.
Do you know how many taxpayers across the country are using individual K–12 education tax credit and deduction programs? For more little-known truths about these programs, visit our individual tax credit and deduction fast facts.