BATON ROUGE – The Louisiana Department of Revenue encourages families to retain their receipts for back-to-school items such as books, uniforms, supplies, and equipment required by schools. Many families might not know these expenses may qualify for a series of income tax deductions on their state individual income tax returns.
And these deductions apply to eligible expenses paid throughout the tax year, not only during the initial back to school year.
There are three income tax breaks under the Louisiana School Tuition and Expense Deductions:
- Income Tax Deduction for Elementary and Secondary School Tuition: Allows an income tax deduction for amounts paid during the year for tuition and fees at a qualifying nonpublic elementary or secondary school. The deduction is for 100 percent of qualified expenses paid per dependent, limited to $5,000 per dependent.
- Income Tax Deduction for a Quality Public Education: Allows an income tax deduction for the following expenses for a dependent enrolled in a public elementary or secondary school:
• Purchases of school uniforms required by schools for general day-to-day use
• Purchases of textbooks, curricula or other instructional materials required by schools
• Purchases of school supplies required by schools
The deduction is for 50 percent of qualified expenses paid per dependent, limited to $5,000 per dependent.
- Income Tax Deduction for Home-Schooling Expenses: Allows an income tax deduction for amounts paid for the purchase of textbooks and curricula necessary for home schooling. The deduction is for 50 percent of qualified expenses paid per dependent, limited to $5,000 per dependent.
These deductions can reduce your taxable income when you file your 2014 Louisiana Individual Income Tax Return by May 15, 2015. To qualify, you must be able to claim the student as a dependent on your state individual income tax return, and you must be able to document the expenses.
Visit www.revenue.louisiana.gov/schooldeduction for a full explanation of the provisions of the Louisiana School Tuition and Expense Deductions.
Students get some assistance on the first day of public school Monday at the new Larose Upper Elementary School.With the start of the new school year motorists are reminded that cell phone use is banned in school zones during posted hours thanks to a new statewide law that took effect August 1. It does not apply to drivers reporting an emergency or those sitting in parked vehicles.
Staff photo by Babs
Posted on Tue, August 12, 2014
by The Lafourche Gazette