August 22, 2013

Driver’s Ed Tax Credit

Scott Woodruff answers questions and assists members with legal issues in Iowa. He and his wife homeschooled their children. Read more >>

With the enactment of House File 215 creating the opportunity for parents to teach driver education to their children, as well as providing better access to public school driver education programs, it’s time to take a look at an “old” (since 1987) tax credit.

Iowa Code §422.12.2(b) allows a tax credit of up to $250 (25% of the first $1,000 of expenses) for tuition and books in certain situations. The statute specifically mentions that the tax credit applies to driver education. (Parent-taught driver education in Iowa will not be available in practice until some administrative details get worked out.)

The tax credit is not specifically linked to homeschooling. Consult with your tax advisor or another reliable source if you want more information about the tax credit and whether you might be eligible.

Here is a link to the statute.

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