if I send a child to private school can I get a state funds to pay for some of the tuition?
We are in minnesota. If we choose to not use pulbic school and send a child to private school (not a charter school, an actual school) can we get a credit from the state?
i:
In Minnesota, no, but there are states that provide educational voucher programs.
There have been occasional efforts to create a voucher system in your state, but none of those attempts have been successful. If you’d like to read about the status of educational vouchers in Minnesota, you’ll find an excellent article here: http://www.leg.state.mn.us/lrl/issues/voucher.asp
You can, however, take an income tax deduction on your Minnesota state taxes. Taxpayers can deduct up to $1625 for primary schools and up to $2500 for students in middle or high schools. A $2500 tax deduction would decrease your taxes by about $176.25 a year.
Minnesota also offers a refundable education tax credit – a taxpayer can not claim a credit for tuition paid to non-public schools, but can take the credit for other qualified educational expenses including textbooks and transportation costs. You can find information on Minnesota’s tax treatment of educational expenses here: http://www.house.leg.state.mn.us/hrd/pubs/educcred.pdf
So – no state help with your tuition or other expenses, but you can save a bit of money on your taxes if you qualify.
Good luck!
February 22nd, 2010 at 5:46 am
nope. you pay it all, buddy
References :
February 22nd, 2010 at 6:18 am
nope.
References :
February 22nd, 2010 at 6:26 am
i:
In Minnesota, no, but there are states that provide educational voucher programs.
There have been occasional efforts to create a voucher system in your state, but none of those attempts have been successful. If you’d like to read about the status of educational vouchers in Minnesota, you’ll find an excellent article here: http://www.leg.state.mn.us/lrl/issues/voucher.asp
You can, however, take an income tax deduction on your Minnesota state taxes. Taxpayers can deduct up to $1625 for primary schools and up to $2500 for students in middle or high schools. A $2500 tax deduction would decrease your taxes by about $176.25 a year.
Minnesota also offers a refundable education tax credit – a taxpayer can not claim a credit for tuition paid to non-public schools, but can take the credit for other qualified educational expenses including textbooks and transportation costs. You can find information on Minnesota’s tax treatment of educational expenses here: http://www.house.leg.state.mn.us/hrd/pubs/educcred.pdf
So – no state help with your tuition or other expenses, but you can save a bit of money on your taxes if you qualify.
Good luck!
References :