Sentences with phrase «deduction for school expenses»

A federal district court in Iowa held that a state tax deduction for school expenses, including private school tuition, does not violate the Establishment Clause because it is available to parents regardless of whether their child attends a public, private or religious school, neither advances nor inhibits religion, and does not entangle the state with religion.

Not exact matches

You can only take the student loan tax deduction when you're paying interest on student loans that you actually used to pay for school - related expenses, according to TurboTax.

But observers in St. Paul believe two recent developments may create a favorable climate for the concept: the U.S. Supreme Court decision upholding the state's 25 - year - old system of income - tax deductions for expenses incurred by families with children in private and public schools, and the endorsement of a generalized voucher...

While recognizing that most of the deductions were used for parochial school tuition, the Mueller Court found that because parents could deduct expenses for public, private, or religious schools, the deduction was neutral toward religion.

When combined with a federal tax loophole that allows taxpayers to receive a federal deduction on a dollar - for - dollar state tax credit, 10 of these states» credits are so lucrative that they allow some upper - income taxpayers to turn a profit (at federal taxpayer expense) on contributions they make to fund private school vouchers.

The federal appeals court in St. Louis — directly contradicting a two - year - old decision by its counterpart in Boston — has upheld a Minnesota law allowing parents of private - school students to take state income - tax deductions for tuition and other expenses.

The justices of the Massachusetts Supreme Court opined that proposed legislation that would provide tax deductions for certain educational expenses (tuition, textbooks and transportation) incurred by taxpayers whose dependents attended public or nonprofit private primary and secondary schools would violate Massachusetts» Blaine Amendment.

2d 721, 1983 U.S. 96, upholding Minnesota's Education Tax Deduction, the court ruled that Iowa's tax credit for private school educational expenses does not violate the Establishment Clause of the First Amendment to the United States Constitution.

Because most individual tax credit and deduction programs often reimburse parents only marginally for their private schooling expenses, the programs don't place private education within reach for many lower income families.

Minnesota provides a tax deduction covering educational expenses for students in any private or public school, including homeschooling or schools in North Dakota, South Dakota, Iowa or Wisconsin.

They include publicly - funded scholarship programs; tax credit programs that grant businesses or individuals a tax credit for donations to private, nonprofit scholarship - granting organizations; and personal tax credit or deduction programs that offer parents a tax credit or deduction for tuition and other education - related expenses incurred in sending their own children to school.

Charter School Grant Administrative Fees - TAP This Technical Assistance Paper clarifies the regulations regarding the deduction of funds for indirect costs, including administrative fees or expenses, from a sub-grant awarded to an eligible applicant.

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.

For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school.

Qualified expenses for the Student Loan Interest Deduction are the total costs of attending an eligible educational institution (including graduate school).

Educator expenses If you're a teacher or school administrator, you just might qualify for a deduction that will allow you to reduce your taxable income.

Louisiana also allows taxpayers to deduct the amount of their federal itemized deductions that were in excess of the federal standard deduction on their federal tax return, and to deduct school expenses for dependents who are currently in school.