WDYT: tax credit for homeschooling
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September 24th, 2011, 04:37 PM
Join Date: Dec 2010
Location: In my house :p
Originally Posted by
I could see a tax break equal to the amount the mandatory materials the parents need to get, mandatory testing, etc. and a tax break on a percentage of other materials. Would that really equal $5k though? Maybe, but I would guess that it wouldn't.
It would depend on where you live for this and what your state requires. But it very well may come close to equal that, for some families.
Some states will accept a portfolio instead of yearly state testing(mine is one that says they do, but they make it beyond difficult for most people to turn in portfolios, so most choose state testing. They're not very accepting of homeschool families in this state). For a lot of people they have to go somewhere, nowhere near their home(some can't even make just a day trip of it because of how far they might have to travel), to have the state testing done. I know some areas they allow homeschool children to come in with the local school kids to test, but that's not available in all areas.(it's not available here at all). We're lucky and get our state testing through a virtual academy and meet once a year with quite a few other homeschool families to do the state testing(it's a 5 day long process, with different grades going at different times and different days, having a minimum of 2 hours and maximum of 2.5 hours to complete their tests) The place we go, a local hotel, is less than an hour from here, but getting transportation is really difficult for us. It would be easier to just turn in a portfolio. There are some people that travel upwards of 5-6 hours to get here though. That's a pretty long trip if you have to be here all 5 days. This year we will have to be there all 5 days but the amount of time will vary. Not real sure what we're going to do, can't just stay there for a week(though I'd like to, lol).
The curriculum many choose could be less expensive, so I definitely don't see a need to have all of that reimbursed, but up to and including a certain %, that makes sense. I can see a lot of benefit to a credit like this. But again they'd need to have a lot of checks and balances in place to ensure it's being used correctly-and simply to explain it.
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