Paying for your kids' education through the business
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Can You Write Off Paying for Your Kids' Education Through the Business?
Short answer: No: tuition for your children isn't a business expense, even if they help out.
Wages for real work can fund a Roth IRA or 529 instead.
Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.
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Paying for your kids' education through the business
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General Business
Payroll & Labor
Business Write-Off Questions
No: tuition for your children isn't a business expense, even if they help out.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
No: tuition for your children isn't a business expense, even if they help out. Wages for real work can fund a Roth IRA or 529 instead.
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