Under Wisconsin State law (Wis. Stat. § 71.05(6)(b)49), elementary or secondary school tuition expenses paid on or after January 1, 2014, are now eligible for an annual income tax deduction. Each year taxpayers may claim the amount paid for private and religious school tuition expenses of up to $4,000 for each dependent child in grades K-8, and up to $10,000 for each dependent child in grades 9-12.
Wisconsin taxpayers wishing to claim the deduction should reference the Wisconsin Department of Revenue Schedule PS – Private School Tuition and its accompanying instructions. Please note that this is a tax deduction and not a tax credit so the amount of the benefit will depend on each taxpayer’s income and tax bracket. Those claiming this deduction for tuition paid to KML will need KML’s tax ID number (FEIN): 39-1207366. Your bank statements or KML’s monthly billing invoices may be used to help determine the amount of tuition paid to KML during each year.
Please consult your tax advisor if you have any questions. School staff is not allowed to give you tax advice. This information is for general guidance only and does not consist of legal or tax advice of any kind.