TAX LESSON ON DONATIONS TO PRIVATE SCHOOLS |
You can deduct charitable donations made to qualified religious schools or colleges, but not all donations automatically qualify. Be careful if you are contributing money to a school that your child or grandchild attends. Case in point: A married California couple paid to have their three children attend two private,
The IRS and the Tax Court denied the charitable deduction. "A tuition payment to a parochial school is generally not considered a charitable contribution because the taxpayer making the payment receives something of economic value . . . educational benefits, in return," according to the Tax Court. |
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