Louisiana School Tuition and Expense Tax Deduction

The Louisiana School Tuition and Expense Tax Deduction is in effect for educational expenses paid during 2009.

This is a tax deduction that can reduce the amount of your Louisiana taxable income. It is not a tax credit. The deduction is for 50 percent of the money you spend on education, up to $5,000 per student. It applies to tuition for private and parochial schools and to expenses for uniforms, school supplies, and study materials for all primary and secondary school students. Home-schooling expenses are eligible for this tax deduction.

The deduction cannot exceed the amount of your taxable income.

To claim the deduction, you must be able to claim the student as a dependent on your Louisiana Resident Individual Income Tax Return. Eligible expenses are to be reported on Schedule E, Form IT-540 when you file your state income tax return due on May 15, 2010.

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