Submitted By: Rebecca
Answered: February 26, 2016 10:59 am

If I pay the tuition for my grandchild to attend private high school, is it tax deductible?

The payment of pre-college tuition is not tax deductible. However, if you pay the tuition directly to the school, the payment is not subject to gift tax, regardless of the cost of tuition.

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Tax Glossary

Declining balance method

A rapid depreciation method determined by a constant percentage based on useful life and applied to the adjusted basis of the property.

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