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What are Individual Tax Credits?

INDIVIDUAL TUITION TAX CREDITS

Individual tuition tax credits give parents a state income tax credit for their child’s approved educational expenses.

Answer

Individual tuition tax credits of significant size can be used for a child’s educational expenses, including private school tuition, and help families choose educational tools they otherwise could not afford. “Of significant size,” or approximately $3,000 to $6,000 is key to ensuring that the credit is large enough of affect a family’s decision and ability to cover the costs of private school.


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