Is preschool tuition tax deductible?

Answer by  Mary (2095)

The simple answer is yes. There are conditions for the payments to be tax deductible. The main condition is that the childcare or preschool must be a means to allow both parents to work for pay. If only one parent is working then the tution is not tax deductible. The amount of work for pay determines the amount deducted.

Answer by  Att4372 (1704)

As tuition, it is not deductable. As DAYCARE expenses, you can get credit for up to $3,000 in payments. Credit applies only if you (and spouse, if any) work. You credit is based on income and can be up to 20% of what you spend. Max credit = $600 (20% time $3,000).

Answer by  TZ16 (367)

In general, preschool is not consider tax deductible. There is an exception. If the preschool can be considered as a daycare (i. e, all caregivers are working), then there the typical daycare deduction may apply.

Answer by  tamarawilhite (17883)

If your child is in preschool and you work or are looking for work, this can be a tax deductible child care expense or reimbursed via a dependent care reimbursement account.

Answer by  nkhill (73)

Your preschool tuition may be deductable under Dependent Care Credit. You would be subject to applicable income phaseouts and working requirements.

Answer by  cgroverla (516)

If you (and your spouse if married) are working, you may qualify for a credit on up to $3,000 for child care that you paid so that you can work. Pre-kindergarten tuition is a qualifying expense. The credit is between 20 and 35 percent of your qualifying expenses. The credit reduces tax owed and does not result in a refund.

Answer by  grannypat2 (26)

If she is going to preschool for child care while you work then it is deductible, if it is only for preschool lesson's and you do not work then it is not deductible.