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cnj
01-20-2008, 03:43 PM
I know, I know, I should get my files done by a professional, but I am cheap and I am doing Turbo Tax. No reprimands, please. I just would like to know if preschool, not childcare is deductible? I am a state at home mom and was not sure if we could deduct it or not. Thank you!

lastminutemom
01-20-2008, 03:43 PM
nope

cnj
01-20-2008, 03:45 PM
darn, that's what I thought. Thanks.

madge
01-20-2008, 04:03 PM
I know, I know, I should get my files done by a professional, but I am cheap and I am doing Turbo Tax. No reprimands, please. I just would like to know if preschool, not childcare is deductible? I am a state at home mom and was not sure if we could deduct it or not. Thank you!

no. it isn't tax deductible. I wish it was, though!

LizinSTL
01-20-2008, 04:38 PM
I know, I know, I should get my files done by a professional, but I am cheap and I am doing Turbo Tax. No reprimands, please. I just would like to know if preschool, not childcare is deductible? I am a state at home mom and was not sure if we could deduct it or not. Thank you!

It depends. Preschool might be deductible depending on your situation. Did you have any income that you are claiming in 2007? Were you a FT student for 5 months or more? Grab a copy of publication 503 from the library (or read it online) and see if you meet the tests.

Childcare is NOT deductible unless both spouses (if married filing jointly) work for pay, are looking for work or in school FT. But preschool is considered childcare under the IRS code, assuming you have a tax ID number for the preschool. My dd's mother's day out program provided one.

I'm not a tax professional and I don't play one on TV, if you have a question about this, seek professional advice.

Melissa_E
01-20-2008, 05:00 PM
I was a FT student for all of 2007, does that mean I can claim preschool? I didn't work though.

LizinSTL
01-20-2008, 05:10 PM
I was a FT student for all of 2007, does that mean I can claim preschool? I didn't work though.


Read up on the child care deduction. Take the "test" that's in the publication. If you meet the qualifications, you can take the deduction. Preschool can be claimed as a child care deduction if you meet the qualification to take the deduction. There are specific things that are required. It takes a few minutes to grab the publication or review it at irs.gov.

gomomgo
01-20-2008, 06:09 PM
I second LizinSTL's advice. It is definitely worth taking the extra step to see if it you can deduct it in your situation. Also, your preschool should be able to provide a tax ID number which you will need as well. Good luck!

lovingmy2boys
01-20-2008, 06:24 PM
For my boys I can claim Pre-K on my taxes. It is a private school. They give me thier tx ID number.

EthansMom
01-20-2008, 06:32 PM
For my boys I can claim Pre-K on my taxes. It is a private school. They give me thier tx ID number.

You're only supposed to claim it if both spouses work and/or go to school.

In the case of the OP, she goes to school so she may be able to deduct the expenses. If you are a SAHM who is neither working, nor attending school, you are not permitted to claim the deduction for daycare or pre-school expenses.

rparmfamily
01-20-2008, 07:05 PM
I claimed my children's preschool because I worked PT while they were at school. It was a childcare expense.

pbharris4
01-20-2008, 10:47 PM
We don't claim it, but DH does have the money taken out of his paycheck before they take taxes off. Just like they do for medical expenses etc. So ..no it's not tax deductible, but it can be taken off that way if your employer offers that.

NotUrsula
01-21-2008, 12:48 AM
So ..no it's not tax deductible, but it can be taken off that way if your employer offers that [FSA].

Childcare FSA's have the same rules for eligibility as the deduction does: you have to need your child to be somewhere other than in your care during the day because you are either a student, employed, or seeking employment.

IDoDis
01-21-2008, 01:31 AM
DH and I both work full time so when our kids were in preschool and daycare, we deducted both. They were in preschool three afternoons a week and in full-time daycare. A friend would pick up DD (or DS when he was in pre-k) take him/her to pre-k and then drop him/her back off at the sitter's afterwards. Since we were working full time, we were able to claim it as childcare and got the tax ID # from the school.

Melissa_E
01-21-2008, 03:34 PM
Read up on the child care deduction. Take the "test" that's in the publication. If you meet the qualifications, you can take the deduction. Preschool can be claimed as a child care deduction if you meet the qualification to take the deduction. There are specific things that are required. It takes a few minutes to grab the publication or review it at irs.gov.

It looks like my DD4's preschool will be covered! :cool1: The only beef I have, it should have been covered last year and I didn't know about this. I'm not about to file an amended tax return because of it though. :headache:

LizinSTL
01-21-2008, 08:10 PM
It looks like my DD4's preschool will be covered! :cool1: The only beef I have, it should have been covered last year and I didn't know about this. I'm not about to file an amended tax return because of it though. :headache:

Ack! Why not??? 1040x are sooooo easy to file! And this is a credit, right? So it's at least 20% of up to $3k per child ? I'm just ball parking it because I've only glanced at the publication since we don't qualify for this credit.. If you have a tax program from last year on your computer, you can easily file the 1040x to include this credit. I swear I'm going to go into business filing them for people and just get paid a percent. :lmao: I filed 3 years of amended returns for my MIL last year because she couldn't be bothered with it- she got back an additional $800. I filed an amended return for my dh's cousin too. They got an additional $175. My sister got $80 back on her amended return. It took about 15 minutes per return plus the postage stamp to mail it.

cbrfan
01-21-2008, 08:46 PM
You should absolutely file an amended return!! It's very easy to do and takes hardly any time at all. Why give the government any more money to waste than they already get?? Get that pencil out and get busy!!:teacher:

MTW
01-21-2008, 10:43 PM
It looks like my DD4's preschool will be covered! :cool1: The only beef I have, it should have been covered last year and I didn't know about this. I'm not about to file an amended tax return because of it though. :headache:

I know you don't want to be reprimanded....but this is the problem with the "box."
I see problems like this all the time with people who are doing their own returns. 75% of the time I prepare the return the taxpayer gets back more than they would have with TurboTax or TaxCut. How much are you really saving? I'm not talking about taking your return to Block or Jackson Hewitt but a real tax professional. Off my soapbox.

You really should file an amended return. Depending on how much it is, you could even pay to have it done. The gov't doesn't need any more of our $$ to waste!

LizinSTL
01-22-2008, 12:01 AM
I know you don't want to be reprimanded....but this is the problem with the "box."
I see problems like this all the time with people who are doing their own returns. 75% of the time I prepare the return the taxpayer gets back more than they would have with TurboTax or TaxCut. How much are you really saving? I'm not talking about taking your return to Block or Jackson Hewitt but a real tax professional. Off my soapbox.

You really should file an amended return. Depending on how much it is, you could even pay to have it done. The gov't doesn't need any more of our $$ to waste!

I think it depends on how much time you take to look at the form, how much you know about your tax situation and if you are willing to ask for help when needed. I have a fairly simple situation. If it got complicated, I'd go to a professional, no question but it drives me crazy when people pay someone $100+ to do a 1040ez form for them.

MTW
01-22-2008, 09:08 AM
I think it depends on how much time you take to look at the form, how much you know about your tax situation and if you are willing to ask for help when needed. I have a fairly simple situation. If it got complicated, I'd go to a professional, no question but it drives me crazy when people pay someone $100+ to do a 1040ez form for them.


Completely agree. I don't take my car to the garage to get the oil changed. My husband does it - or I have done it on occasion. However, the problem arises when people don't know their tax situation. Case in point - a friend who thought he had a straightforward return - 4 kids, they itemize, they both are W-2 employees - he uses TurboTax. I saved him $1000+ (over 2 years) in a 5 minute coversation. Most people don't know enough to know that they should use a tax professional.

Also - about asking for help (and I'm not referring to this question or this website because this person has no idea who is giving the advice or if it is even correct)...it's probably no secret that I am a tax professional and it drives me CRAZY that people who do their own return on Turbo Tax ask me tax questions and expect me to help them with their prep. I spent 4 years in school and a lot of time and money in the upkeep of my education. Taxes are extremely complicated. You wouldn't expect your lawyer or doctor friends for free services would you?

*This is in no means a personal attack on anyone...just a mini rant on the subject from a poor SAHM who gets hit up all the time!*

hobbskat
02-11-2008, 12:28 AM
hey I have read multiple places that preschool is tax deductible up to first grade. I would double check with a C.P.A.

IDoDis
02-11-2008, 11:32 PM
Also - about asking for help (and I'm not referring to this question or this website because this person has no idea who is giving the advice or if it is even correct)...it's probably no secret that I am a tax professional and it drives me CRAZY that people who do their own return on Turbo Tax ask me tax questions and expect me to help them with their prep. I spent 4 years in school and a lot of time and money in the upkeep of my education. Taxes are extremely complicated. You wouldn't expect your lawyer or doctor friends for free services would you?

*This is in no means a personal attack on anyone...just a mini rant on the subject from a poor SAHM who gets hit up all the time!*

I think that what LizinSTL meant was not that people shouldn't pay for tax preparers in general, but that people will pay someone to do an EZ (aka EASY) form for them. It's sooo easy to do that no one should pay someone for that form which is a no-brainer.

I have a friend that is a doctor and will ask her questions in a pinch. I have a friend that is a vet and will ask him questions in a pinch. I am a teacher and get asked questions about school situations all the time. It's just something that friends do. Granted if your friends want you to do the forms for them, they should pay, but a few questions shouldn't be an issue.

MTW
02-12-2008, 10:32 AM
I have a friend that is a doctor and will ask her questions in a pinch. I have a friend that is a vet and will ask him questions in a pinch. I am a teacher and get asked questions about school situations all the time. It's just something that friends do. Granted if your friends want you to do the forms for them, they should pay, but a few questions shouldn't be an issue.

Understandable and I think I originally posted on a bad day. The thing is, I have the same people hit me up all the time. And these people realize at some point that they have asked A LOT of questions and then say something like "oh, we will have to have you prepare our taxes next year" then the following year..."quick question, when I did my return on Turbo Tax, yada yada." And maybe it is only one question but it's the culmination.

You are a teacher and you are paid to be one - I completely understand people asking you questions about school situations - you don't get paid to consult with people on school situations, right? Also, you probably patronize your friend that is a doctor and vet? Like if you pet is sick or needs shots, you take them to a vet, but if you have a question, you call and ask. I get that. When I prepare someone's tax return, advise/consulting time comes with the fee and I will answer as many questions as someone has no problem. Advice is what I get paid for - not teaching or seeing patients, etc. In my post I probably should have said, "You wouldn't expect your friend that's a doctor to see all of their friends for free or lawyers to represent people for free."
Appreciate the opportunity to share my point of view!

And by the way, I do some pro bono work for people that cannot afford to pay someone to do their returns but are entitled to certain goverment benefits -so it's not just about the income. It's my friends that make six firgures plus and have complicated issues that try to do their own returns and make numerous errors and those who try to do Turbo Tax for businesses and have no idea what they are doing that are beginning to annoy me. :dance3:

sarahlovesmickey
02-12-2008, 10:36 AM
my son's preschool was tax deductible because they would do preschool stuff in the morning and in the afternoon, it was just like childcare.

pnutmnm
02-12-2008, 10:44 AM
Both of my kids attended pre-school through our park district - it was tax deductible. My how I miss that deduction...although, not the payment!

mel
02-12-2008, 02:17 PM
Both of our daughters attended pre school and it was tax deductible. My hubby and I both worked though. The school gave us a statement for our taxes!

Nanu57v
02-12-2008, 03:37 PM
We (when I worked full time in preschool & childcare)gave everyone a form, but it was up to the parents to know if they were eligible for the deduction.

I'm glad I read this though. I work a few hours a week teaching string lessons. I wonder if I do my prep time during DD's preschool, if it would count. I'll have to look into that next year. (She's not in preschool yet.) Her preschool will cost about what I make.

IluvKingLouis
02-12-2008, 04:18 PM
Great discussion. I just went back to school FT and I totally would have not thought of this!:thumbsup2

LizinSTL
02-12-2008, 05:01 PM
We (when I worked full time in preschool & childcare)gave everyone a form, but it was up to the parents to know if they were eligible for the deduction.

I'm glad I read this though. I work a few hours a week teaching string lessons. I wonder if I do my prep time during DD's preschool, if it would count. I'll have to look into that next year. (She's not in preschool yet.) Her preschool will cost about what I make.


Just as long as you work each day she goes to preschool at some point- you meet the IRS's burden to claim the credit. Next time you go to the library, grab the publication (Pub 503) that addresses this issue and read through it. It'll cover all the bases. It's a credit, NOT a deduction. It's a percentage based on your AGI.