Overview of Deductible School Costs for the 2025-2026 School Year
With over 23 million children starting the 2025-2026 school year on September 1st, parents face significant expenses related to education. These costs include textbooks, uniforms, administrative and operational fees such as registrations, tuition, insurance, and mandatory school transportation. Fortunately, some of these expenses can be claimed as tax deductions.
Relevance of Educational Expense Deductions
Educational expense deductions are particularly beneficial for families enrolling their children in private schools. By leveraging these fiscal strategies during annual tax declarations, parents can offset the financial burden of their children’s education.
Eligible Expenses for Tax Deductions
There are two primary educational expenses that can be deducted in your annual tax declaration:
- Tuition fees: Payments for private school tuition can be deducted, provided you have the necessary documentation.
- Mandatory school transportation: If school transportation is obligatory, parents can deduct these costs from their personal tax deductions.
Additionally, premiums for high medical expenses insurance are also deductible if paid directly by the parent, especially when required for school enrollment.
Documentation Required for Tax Deductions
To successfully claim these deductions during your annual tax declaration, ensure you have the following documentation:
- Tax invoice or Comprobante Fiscal Digital por Internet (CFDI): Obtain a tax invoice or digital tax invoice in the parent’s name.
- Student details: Include student information such as the CURP (Unique Registry of Population).
- Payment method: Ensure payments were made using a credit or debit card, bank transfer, or checks from an account in the parent’s name. Cash payments are not eligible for deductions.
Key Questions and Answers
- What expenses can be deducted? Tuition fees and mandatory school transportation costs can be deducted.
- What documentation is needed? You will need a tax invoice or digital tax invoice, student details (CURP), and proof of payment method.
- How should payments be made? Payments must be made using a credit or debit card, bank transfer, or checks from an account in the parent’s name. Cash payments are not eligible for deductions.
- Are insurance premiums deductible? Yes, high medical expenses insurance premiums are deductible if paid directly by the parent.
