Reduce Your Tuition by using one or both of the strategies below.
Tax laws are specific to each state. So, you will want to contact your local accountant to inquire about your specific situation.
Strategy #1 – 529 PLAN –
You may be able to pay Academy private school tuition using a 529 plan. This can be up to $10,000 per year. Your contribution to a 529 plan could be deductible in your state up to $8,000, so it applies to 2021 for joint filers.
Strategy #2 – MEDICAL EXPENSE –
Is your child diagnosed with a special need and it is verified by a doctor? If this is the case, you can deduct in excess of 10% of your adjusted gross income. The 10% threshold is for medical expenses. So, any expenses in excess of this amount (which could be tuition and mileage) are considered deductible.
Reduce Your Tuition – Apply Now
The Academy Way is . . .
Every child enters their school journey at different points. So, they each have different experiences, resources and teachings that they bring with them. Our school recognizes and embraces this.
Everything our students learn at The Academy NJ is applicable to real-life. So, we follow state learning standards and focus on information and skills that apply to real-life situations.
We believe keeping kids engaged in learning every month throughout a calendar year is necessary for their long-term success.
The Academy Way, The Academy NJ and our affiliates, are committed to the principle of equal opportunity in education and employment.