WISCONSIN TAX DEDUCTION
For the tax year 2019, the State of Wisconsin has legislation (Wis. Stat. § 71.05(6)(b)49), in which private school tuition payments paid on or after January 1, 2019 are eligible for an annual income tax deduction. Qualified taxpayers may potentially claim up to $4,000 for each dependent child in grades Kindergarten through 8th and up to $10,000 for each dependent child in grades 9th through 12th. Tuition claimed must be paid in the tax year in which it is being filed.
For more information on how to claim these expenses, visit the Wisconsin Department of Revenue form online: Schedule PS - Private School Tuition (see Form below). In preparing the form, taxpayers will need our FEIN which is 39-0889672, as well as the amount of tuition paid last year.
To obtain 2019 tuition payments, log into your TADS account and click the billing tab. Enter the tax filing year (2018) into “Household Paid Tuition Tax Report” and hit submit. TADS can be reached at 612-548-3320 and will address questions about accessing the report.
The presented information is not legal or tax advice. The LHSAGM is prohibited from giving or providing tax advice. Please consult your tax advisor for specifics on your personal circumstances.