Did you know that saving back-to-school shopping receipts could save families money at tax time? Not many people are thinking about their taxes in August, but it’s a good time to start.
Join us to spread the word about the important K-12 Education Credit that can help eligible families save! You can do so by distributing this flyer electronically or by ordering free education receipts envelope — simply reply back to this email.
The K-12 Education Credit/Subtraction offsets the education costs parents incur, ranging from everyday school supplies to computers and musical instruments. The credit allows parents to get 75% of qualifying expensesback in refunds, while the subtraction decreases their tax liability.
How to claim the credit or subtraction: Parents must save their receipts for tax time to claim their expenses. This simple step can help eligible* families save on their educational expenses.
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