Thursday, April 9, 2015

Preschool Expenses – Are They Tax-Deductible?

At tax time many parents are preparing their forms for 2014.  However, you may be one of many considering the cost of enrolling your child in a preschool school that is Montessori-based.  Once you have settled on the lifetime advantages offered by an authentic Montessori school for your child’s education here is a way to make it more affordable.

There is a wonderful tax benefit called the Child and Dependent Care Credit that as a parent you may definitely qualify for if you met certain IRS specified requirements. 

First Step

The first step toward qualification is that a child attending preschool must be a qualifying child. This means your child must be your dependent on your taxes and secondly, your filing status should be married, single, head of household, or even qualifying widow(er) with a dependent child.

Qualifying Conditions

The dependent care credit is available for your child’s preschool expenses if you have been looking for work or are employed.  Stay-at-home parents are not eligible.  If both you and your spouse file jointly both of you should have earned income in order to take the credit.  However there is one caveat to this rule. If either of you were disabled or were a full-time student and could not take care of the child, then you may be eligible to claim the credit.

Preschool private school tax deductible vs. credit:

According to IRS regulations you cannot directly deduct the cost of your child’s private preschool tuition and related expenses; however you could qualify for the child and dependent care credit. The credit does have certain monetary limitations.  There is a $3,000 limit for one qualifying child and a $6,000 limit for two or more qualifying children.

Qualifying Income Guidelines:

In order to determine whether your income qualifies for the tax credits obtain IRS Form 2441 Child and Dependent Care Expenses.  If you individually or jointly earn less than $15,000 annually then you are allowed to claim 35 percent of the allowable expenses for preschool. Once you reach $43,000 you can only take 20 percent of the allowable expenses.

Get Started:

Take the opportunity to schedule a tour of the Day Star Montessori Children's Learning Center and get your child off to the best educational opportunity available to experience the thrill of intellectual, creative, and social pursuits in learning.

Why Preschool Education is Important for Your Child

Quality Fremont Preschool Education: Insurance for Future Success

Every parent wants his or her child to be happy, accepted and capable.  A quality preschool education is an important foundation toward meeting these goals. A preschool education will give your child the opportunity to: 
  • Experience a constructive routine that leads to a positive attitude toward learning.
  • Develop vocabulary skills in a wide variety of subject areas.  
  • Participate in activities that cultivate both large muscle coordination and fine motor skills.
  • Learn information in new and interesting ways.
  • Communicate with both adults and students as they participate in social interactions.
  • Gain self-confidence in the ability to think and solve problems.
It is well known that a child develops 85% of his or her intellect, personality and skills before the age of five. A quality preschool education stimulates your child's brain and allows it to develop to its full potential.  

The benefits of a quality preschool education are immediate and also long lasting. Research shows that children who received early learning demonstrated increased intellectual development, improved health and positive behaviors. The Brookings Institute on Children and Family documented that children with early childhood education also showed improvement in later years.  This included higher graduation rates, less need for special education classes and fewer incidents of criminal behavior.  A Rutgers University professor emphasized it this way, "for many children, preschool programs can mean the difference between failing and passing, regular or special education, staying out of trouble or becoming involved in crime and delinquency, dropping out or graduating from high school."

You have the change to share a constructive experience with your child.  As a supportive, involved preschool parent you are making a commitment to your child's future. Your child's preschool education will give him or her a great start in life-long skills-- reading, thinking, interacting, problem solving and language. This is the best insurance for your child's future success.

Montessori Children’s House, a Fremont preschool, has provided exceptional education to preschool children since 1998. Their teachers are dedicated to planting life long seeds of learning.  Montessori Education focuses on eight traits:  independence, confidence, self-discipline, intrinsic motivation, acute sensory perception, academic achievement, spiritual awareness and responsible citizenship.  For more information about the program, contact Montessori Children’s House.

Barnett, Steven W. "Long-Term Effects of Early Childhood Programs on Cognitive and School Outcomes,"( 

Isaacs, Julia B. and Emily Roessel. "Impacts of Early Childhood Programs." (