1800 Accountant Offers Back to School Tax Tips & Deductions

The tax experts at 1800 Accountant say that the IRS doesn't allow some tax deductions parents may think are deductible -- while others can be thanks to 'hidden' tax deductions

New York, Aug. 26, 2013 (GLOBE NEWSWIRE) -- (http://www.myprgenie.com) -- Every parent knows that sending a child off for the first day of school is expensive. Most of the costs aren't tax deductible - but you may be surprised about some that can be deducted on your tax returns.

About two-thirds of the public schools in the U.S. are already open, with the rest opening after Labor Day. For many parents, it's a time to get things "back to normal" after the disruption of a summer spent juggling their children's vacation activities and their normal workload. One thing that's certain, in most households, it's a time to take a close look at spending.

One of the most common questions that the tax advisors at 1800Accountant.com get this time of year is whether or not school-related expenses are tax deductible. A new article published today on 1800Accountant.com's blog offers families a run-down of costs that aren't tax deductible, along with some that may be deductible depending on family circumstances.

For instance, school uniforms aren't tax deductible, and neither are the moving expenses for a college student. But some portions of private school tuition may be tax deductible, if they qualify as before or after school child care, or provide special services required for a child with special needs. The complete list is now online at www.1800Accountant.com/blog.

About 1800Accountant.com

1800Accountant.com is the nation's leading business services and accounting firm specializing in small businesses. New York & Florida-based teams of Certified Public Accountants (CPAs), enrolled agents (EAs), and accountants provide affordable accounting, tax preparation, payroll, bookkeeping, business planning and consulting services to clients nationwide.

To find out how small or home-based business can keep more of the money they earn, and how 1800Accountant.com can help avoid tax problems, visit 1800Accountant.com.


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