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.

advertisement
Tax Glossary

Real estate investment trust (REIT)

An entity that invests primarily in real estate and mortgages and passes through income to investors.

More terms