Any idea what the actual deduction it supposedly found for private school?
You can pay for K-12 with 529 or Coverdell ESA funds. But neither allows deductions for contributions. Only growth in either is tax free (assuming it’s spent on education expenses).
Many states allow a state tax deduction for 529 contributions, which could net you up to an 8ish% discount if you’re in a high tax locality (e.g. NYC).
You can pay for K-12 with 529 or Coverdell ESA funds. But neither allows deductions for contributions. Only growth in either is tax free (assuming it’s spent on education expenses).