Wisconsin State Tax Long Form: Tuition Deduction Rules
- Wisconsin provides a tax deduction for tuition payments.Wisconsin state contour against blurred USA flag image by Stasys Eidiejus from Fotolia.com
Taking full advantage of Wisconsin state tax deductions for tuition will help a taxpayer reduce his tax liability for the year. In order to take the deduction, the taxpayer must follow certain rules. If the taxpayer does not follow the rules, then the deduction may be negated. - The deduction is limited to $6,000 per student as of 2009. This amount will change occasionally. Therefore, if a family has tuition bills for two students, it can take a maximum of $12,000 in deductions.
- A taxpayer can only claim the deduction for tuition fees or mandatory fees paid for the taxpayer, his spouse or any dependent children.
- The taxpayer must also fill out Wisconsin Schedule I to take the deduction.
- The taxpayer can deduct only the following fees: from a university, college, or technical college in Wisconsin; approved Wisconsin Educational Approval Board post-secondary schools; a Minnesota public vocational
school or public institution of higher education; university, college, or technical college outside of Wisconsin where the taxpayer directly pays the tuition to the educational institution. - If the student registers for an online class, the student must take the class online in Wisconsin, but the school can be anywhere.
- Wisconsin provides a tuition expense worksheet to help taxpayers calculate the deduction. This worksheet is on page 16 of the Wisconsin State Tax Long Form.