Louisiana Louisiana parents and guardians of school children, be sure to look closely at Schedule E of your tax return this filing season. This year on the form you can claim eligible expenses related to three new education deductions.
The Educational Expenses for Home-Schooled Children also is self-explanatory. Pelican State taxpayers get a deduction for educational expenses paid during the tax year for home-schooling their dependents. Qualified educational expenses include amounts paid for the purchase of textbooks and curricula necessary for home-schooling.
With the Educational Expenses for a Quality Public Education, Louisiana taxpayers are allowed a deduction for the fees or other amounts paid during the tax year for a quality education of a dependent child enrolled in a public elementary or secondary school, including Louisiana Department of Education approved charter schools. The amounts that can be deducted include amounts paid for uniforms,textbooks and other supplies required by the school.
Each new education deduction is equal to 50 percent of the amounts paid per dependent, limited to $5,000. The Louisiana School Expense Deductions Worksheet must be completed for each and filed with your return.
Tax trip around the United States: This post is part of our series highlighting tax information from the 50 U.S. states and Washington, D.C. You can read other state tax blurbs at our Complete menu of tasty state tax tidbits.
The State Tax Departments page provides
links to official state and District of Columbia revenue Web sites so that you
can find out more about your home's tax laws and filing
As we work through the 2010 tax season, a different state will be featured each day as noted in Don't forget your state taxes! Check back to see what tax tidbit we share about your home.
- State Tax Tidbits
- State Tax Departments
- Don't forget your state taxes!
- School's back, along with the bills
Want to tell your friends about this blog post? Click the Tweet This or Digg This buttons below or use the Share This icon to spread the word via e-mail, Facebook and other popular applications. Thanks!