Quote:
Originally Posted by SnoopyCool
I asked my tax instructor about this situation tonight and she said she didn't see why you couldn't deduct your contributions to the school, since you aren't receiving anything for that contribution and it is an educational institution.
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I am not a tax professional but I don't believe this is true. The school is a private business. Essentially, giving money to them is no different than me giving money to the corner deli to help support them. It isn't a charitable organization so the money wouldn't be deductible. Just my non-professional opinion.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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