Wisconsin Tax Deduction For Tuition Expense

The Governor has signed tax legislation into law, giving Wisconsin taxpayers the opportunity to deduct private school tuition expenses from their taxable income beginning on or after January 1, 2014.  A subtraction from income is allowed for tuition expenses that are paid for any of the GRACE Catholic Schools. Parents/guardians are eligible for a maximum deduction of $4,000/child in grades K-8 and $10,000/child in grades 9-12. Students transitioning from eighth to ninth grade are eligible for both deductions. Per the instructions, any amount spent on tuition and book fees are eligible for the deduction. Book fees include digital books, such as laptops or tablet fee issued by the school. All expenses incurred after January 1, 2014, are eligible for the deduction.

Tuition tax credit information is available to GRACE families online via GRACE’s enrollment management system, TADS.  The TADS Household Paid Tuition Tax Report will provide a breakdown of payments made for the specified household’s tuition account during the tax year. When gathering information for tax preparation, GRACE families are to access their TADS account | select Billing | Billing Account Number | Reports | Household Paid Tuition Tax Report | enter the year (i.e. 2018) and submit. If you have questions or require assistance, please call TADS Parent Support at 1-800-477-8237.