No, private school tuition (K-12) is not deductible.
Private school tuition for K-12 education is NOT deductible as a business expense. Some states offer tax credits or deductions separately.
Your child's private school tuition
No, private school tuition is generally not tax deductible as a business expense. The IRS considers this a personal expense, even if it has some connection to your work activities. However, there may be limited exceptions in specific circumstances.
Private school tuition for K-12 education is NOT deductible as a business expense. Some states offer tax credits or deductions separately.
Proper documentation is critical for any business deduction. For private school tuition, you should:
Source: IRS Publication 970. This information is for educational purposes only. Consult a qualified tax professional for advice specific to your situation.
No, GoFundMe donations are generally not deductible.
Partially deductible for home office, or as itemized deduction.
Not a business deduction. May qualify for education credits.
Not a business deduction. May qualify for Dependent Care Credit.
Not a business deduction. Deductible on Schedule A as medical.
No, fines and penalties are never deductible.