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

Trust

An arrangement under which one person transfers legal ownership of assets to another person or corporation (the trustee) for the benefit of one or more third persons (beneficiaries).

More terms