Ask Terry Questions Tax Deduction for home schooling expenses?

Tax Deduction for home schooling expenses?

By Terry Savage on December 07, 2020 | Wild Card

Will elearning be something we can deduct from taxes when filing in 2021? ELearning supplies and parents having to stay home to teach be tax deductible? If so, do you know by how much? 2 kids = 2 new laptops, 2 new computer supplies, 2 new desks, 2 new office chairs, a slew of school supplies and more time to take to teach both kids (and work) from home. Some help with all the added expenses would help a lot.

Terry Says

Sad to say that at this point homeschooling expenses are NOT tax deductible!

money

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