Clik here to view.
Understanding Taxes for a small homeschool business
It’s tax season and I’ve been getting several emails from homeschool business owners, especially Classical Conversations directors, about how to fill out their tax returns. The IRS has a terrific...
View ArticleClik here to view.
Taxes for Classical Conversations Directors
Last tax year I was asked a lot of questions about taxes by Classical Conversations directors and tutors. Things like: What tax form should I to use to report my income and expenses? What expenses...
View ArticleClik here to view.
Any Tax Deductions for Homeschoolers This Year?
Are there any tax deductions for homeschoolers this year? Carol Topp, CPA answered this question originally back in 2014, but the answer is still the same-even with the new tax laws passed in 2017....
View ArticleClik here to view.
Ebook Taxes for CC Licensed Directors almost ready!
I just sent the final (I hope) version of my ebook Taxes for Classical Conversions Licensed Directors off to Classical Conversations, Inc! The ebook will be distributed by Classical Conversations,...
View ArticleClik here to view.
What homeschool expenses can I deduct on my taxes?
Here’s a list of homeschool expenses you can deduct on your federal income tax return (Form 1040): 1. Yes, that’s the list! It’s empty. There are NO homeschool expenses that you can deduct on your...
View ArticleClik here to view.
Can homeschoolers use 529 plans? Maybe!
Congress decided to expand 529 savings plans to be used for K-12 expenses in the Tax Cut and Jobs Act or 2017. 529 plans were originally set up to save for college. The earnings on the savings is tax...
View ArticleClik here to view.
My homeschool is a private school. Can I use 529 funds?
I explained in “Can homeschoolers use 529 plans? Maybe!” that you can use 529 savings account funds for tuition paid to a public, private, or religious school. Some homeschool students take classes...
View ArticleClik here to view.
Can a homeschool program director deduct her child’s tuition on her tax return?
Carol, I’m a director for a small classical homeschool program. I am required to have all my children enrolled in the program. I see this as a requirement for being a director and therefore a business...
View ArticleClik here to view.
Are my homeschool co-op fees a tax deductible donation?
I’m a homeschool parent and member of a homeschool co-operative that weeks weekly. I have to pay tuition to this group for the classes my children take there. Can my children’s tuition for the co-op...
View ArticleClik here to view.
New tax deduction for homeschool teachers and tutors in 2018!
Congratulations homeschool business owners which may include homeschool co-op teachers, directors and tutors! There is a new tax deduction that you are (probably) entitled to take on your 2018 tax...
View Article