DEDUCTING SCHOOL EXPENSES

One of the most popular questions I see around this time of year is whether you can deduct the cost of:

• band uniforms and instruments
• school uniforms for public, private or parochial school
• athletic team uniforms school supplies
• field trips
• fill-in-the-blank school expense that is sucking money out of my wallet.

The short answer is no. These expenses are considered personal expenses and are not deductible for federal income tax purposes for students in elementary and high school.

Larry Kopsa CPA