Back To School Tax Savings

It’s back to school time! This week has been full of first day pictures, nervousness for both parents anback-to-schoold kids, and the first of the last for those seniors! We wanted to make sure you remember some tax advantages for parents with kids in grades K-12 in Iowa. Yep, there’s a tax credit for that! If you spend money to send your child to grades K-12, be sure to save your receipts. There’s a tax credit for tuition, textbooks, and fees paid to a K-12 school. And, if your kiddo is in extracurricular activities, you can even take a credit for special sports gear for those athletes, costumes for your budding actors & actresses, and rental of instruments for your star musician.

If you have kids that are in college, there’s more! Stay tuned!

Image Credit: http://www.atlantaintownpaper.com

 

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