Caveats: NONE
It is open enrollment season and I was just looking at something similar
for my Flex plan to reduce my tax burden. Most flexible benefits plans
do not appear to allow it (at least not the two I looked at) and
specifically exclude books and school fees, so there does not appear to
be a tax benefit there. Each plan is different and your mileage may
vary.
In terms of direct tax deductions, I believe this only applies to fees
paid to Colleges/University and post-secondary institutions.
http://www.irs.gov/publications/p970/ch06.html#d0e6105
So there does not appear to be any way to derive a tax benefit from a
primary school fee. As always, it is prudent to seek the advice of a
professional. I would be very happy to find out I am wrong.
_J=20
___________________________________
Jason Johnson - Program Director
Web Services Branch - Walter Reed Army Medical Center Ingenium (ISO
9001:2000 certified)
Office: 202-782-1047
Cell: 202-262-0516
jason.johnson@ingenium.net
jason.p.johnson2@us.army.mil=20
-----Original Message-----
From: A forum for independent school educators
[mailto:ISED-L@LISTSERV.SYR.EDU] On Behalf Of Lisa Sjogren
Sent: Monday, December 10, 2007 10:45 AM
To: ISED-L@LISTSERV.SYR.EDU
Subject: Tech Fees/Tax Deductions
We were told by a finance person that we should not roll our Technology
Fee into our tuition instead that we should apply it as a separate
charge as it would be tax deductible.
Our technology fees are as follows for every student:
K-4: $75
5-8: $175
Has anyone heard about this, knows what is the correct tax form, etc.? =20
If this is the case I need to get this information out to our parents.
Thanks!
Lisa Sjogren
Director of Technology
St. Raphael's Catholic School
763-504-9450, ext. 311
763-504-9460, fax
lisa.sjogren@srsmn.org
My Blog: http://lisasjogren.srsmn.org
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Classification: UNCLASSIFIED=20
Caveats: NONE
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