Ideas for claiming private school as a tax deduction. | Page 2 | TigerDroppings.com
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Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18917 posts

re: Ideas for claiming private school as a tax deduction.

Poodle, you wouldn't happen to live close to Covington huh?



diat150
Tulane Fan
OPELOUSAS
Member since Jun 2005
20284 posts

re: Ideas for claiming private school as a tax deduction.
quote:

Honestly, send them to public school until they are in 5th grade. That is when the environment starts to decline. Try to get them into a gifted program if possible.





I disagree. Id say that most kids leaving 5th grade in a private school are probably better at reading/writing/basic math than more than half of students in grades 6-12 in a bad public school.


Putty
LSU Fan
Member since Oct 2003
21780 posts

re: Ideas for claiming private school as a tax deduction.
quote:

Are there any methods to not paying taxes on the tuition?


Move to LA and take a state tax deduction.


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Putty
LSU Fan
Member since Oct 2003
21780 posts

re: Ideas for claiming private school as a tax deduction.
quote:

Start a business. Hire your children.


I have thought about this before but not in the tuition context. I.e., my company would provide "housekeeping" services to one client, me, and instead of gifting them annually, I'd pay them a salary or wage, file returns on their behalf (likely no taxes at their "income" level, but being a taxpayer would enable them to do things like open a roth, etc.


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Pierre
LSU Fan
Baton Rouge
Member since Nov 2005
4160 posts

re: Ideas for claiming private school as a tax deduction.
Build a goat farm.


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saderade
New Orleans Saints Fan
America's City
Member since Jul 2005
21718 posts

re: Ideas for claiming private school as a tax deduction.
quote:

disagree. Id say that most kids leaving 5th grade in a private school are probably better at reading/writing/basic math than more than half of students in grades 6-12 in a bad public school.
Really depends on the school or district. If his only option is a ghetto public school vs private school then the decision is easy. On average I would say the public school teachers are just as good if not better (higher pay) If the public school has a gifted program then the education level would be higher than most private schools. 20k a year has to factor in.

And I agree that average test scores for a private school kid in 5th would be higher than a 7th-8th grader in public school. But that is because a good amount of the kids have idiot parents who don't stress education to their children.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17175 posts

re: Ideas for claiming private school as a tax deduction.
Baton Rouge, is that close enough?


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