10 Aug Hidden Back to School Tax Deductions
Summer is coming to a close and the back-to-school advertising blitz is underway. Hidden in some of those school expenses are tax deductions you can take advantage of. Here are some ways you can save:
Bonus Savings Tip: When you get the school supply list, compare prices from online retailers to local brick-and-morter stores. You might be able to save some money — especially if you are buying for multiple kids. If you don’t have time to wait for them to ship, see if a local retailer will match the price.
Finally, don’t forget to review state rules for educational expenses. There are often credits available for out-of-pocket school expenses and other educational expenses.