Tax Information For Donations:
Merit Academy is a 501(c)(3) not-for-profit organization. Donations are tax deductible to the full extent of the law and will be recognized in a letter upon request as long as no goods or services were provided directly to you or your foundation.
Current Students & Their Families:
If you are considering using Merit Academy tuition as a medical tax deduction, please read the information below:
Excerpt from: Publication 502 IRS Medical Dental Expenses Special Education
You can include in medical expenses fees you pay on a doctor's recommendation for a child's tutoring by a teacher who is specifically trained and qualified to work with children who have learning disabilities caused by mental or physical impairments, including nervous system disorders.
You can include in medical expenses the cost (tuition, meals, and lodging) of attending a school that furnishes special education to help a child to overcome learning disabilities. A doctor must recommend that the child attend the school. Overcoming the learning disabilities must be a principal reason for attending the school, and any ordinary education received must be incidental to the special education provided.
For additional information regarding Medical Tax deductions for LD students go to http://www.schwablearning.org/ and see their annual article named “Tax Benefits for Parents of Children with Learning Disabilities”
What expenses qualify for a tax deduction?
The following expenses may qualify for the deduction if a medical professional recommends the service or treatment for the child and there is a medical diagnosis of a neurological disorder, such as severe learning disability:
- • Tuition to a private school
- • Tutoring
- • Specialized materials (e.g., books, software, and instructional material)
- • Diagnostic evaluations (by a private practitioner)
- • Therapy
- • Transportation expenses to the private school or tutor
Besides Parents, Who Can Claim a Child as a Dependent?
A relative caretaker (e.g., a grandparent or aunt), or a non-relative caretaker (e.g., a foster parent or legal guardian), may be able to claim a child as a dependent and qualify for related tax benefits. A relative caretaker and the child are not required to live in the same household.