School Tax

The tax code provides a variety of tax breaks to those pursuing higher education. Among the benefits available to graduate school students are the lifetime learning credit, tuition and fees deduction,…

Whether a stipend paid by a university to a graduate student is taxable depends on its purpose and use, which should be clearly defined in the stipend award letter the university sends you. A…

Sending children to school is something that all parents have to do to be in compliance with state and federal law. Many children go to public schools, but there are others whose parents choose to…

If you paid private school tuition either for yourself or one of your dependents, you may be eligible for tax breaks including credits and deductions. However, you or your dependent must have a high…

The U.S. government offers tax credits and tax deductions to eligible students who further their education through trade schools, universities or colleges. The annual limits that students can claim on…

The Internal Revenue Service allows students to offset the high cost of college education by claiming a tax credit for a portion of their tuition. Tax credits allow students to pay less tax overall.…

If you are counting on an education tax credit to help fund your college education, you must factor in how financial aid may eliminate or reduce your education tax break. What type of financial aid…

According to the Internal Revenue Service (IRS), "charitable contributions made to qualified organizations may help lower your tax bill." However, there are some rules that must be followed to be able…

Deducting business expenses, including mileage and road tolls, while working at a private school depends on your employment status and nature of the travel. Working as an independent contractor can…

If you pay education expenses for yourself or another student, you can potentially take advantage of tax credits and deductions for these costs. The IRS has specific guidelines for the type of…

Calculating your New York State local school property taxes if eligible for the STAR program is not complicated, provided you know your property's current assessment and the amount of the exemption…

Most people who own real estate have to pay some kind of property tax to the county or city in which they live. These property taxes might seem like a burden, but they do fund many different programs…

Parent--Teacher Associations, or PTAs, regularly seek donations from members and the general community. In addition to monetary donations, PTAs might request snacks for a class party, bicycles for an…

When it's time to organize a fundraiser for a school's sports teams, academic clubs, library, field trips or other needs, many parent groups choose activities that not only benefit the school but also…

Raising public school funding for specific school systems requires county property taxes imposed upon residents at the local county levels. States are free to tax citizens as they see fit so long as…

School taxes are a necessary evil when it comes to owning a home or business. Homeowners have to deal with these taxes when paying their mortgage or living in their homes to help schools be built,…

States have different methods of collecting taxes to fund schools, but all use taxes in one form or another. Many areas also have local taxes used to support schools, plus there are federal programs…

The Internal Revenue Service (IRS) offers many deductions for taxpayers who are subsidizing the education of college students or a minor child. Most of the credits available do require you to complete…

Most people don't realize that the largest single tax on their property tax bills often is the tax for the local school system. In many areas this is as much as 20% of the tax bill. Different areas…

Nonprofit education systems qualify for a tax payer's contribution to be tax-deductible as long as it doesn't surpass 50 percent of his taxable income. Even if the institution is private, it is…

Perhaps the only thing more frustrating than realizing that once again you will be experiencing another increase in your property tax bill is trying to figure out the meaning of the many abbreviations…

Since the 1930's, states have used the local property tax to fund schools. Depending on where you live, school taxes may make up as little of 10 percent or as much as half of your total property tax…