Back To School Tax Savings
It’s back to school time! This week has been full of first day pictures, nervousness for both parents and kids, and the first of the last for those seniors! We wanted to make sure you remember some tax advantages for parents with kids in grades K-12 in Iowa. Yep, there’s a tax credit for that!
If you spend money to send your child to grades K-12, be sure to save your receipts. There’s a tax credit for tuition, textbooks, and fees paid to a K-12 school. And, if your kiddo is in extracurricular activities, you can even take a credit for special sports gear for those athletes, costumes for your budding actors & actresses, and rental of instruments for your star musician.
If you have kids that are in college, there’s more! Stay tuned!
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