My kids go to a private school that's attached to a religious congregation. As far as paying tuition, they offered me a choice between these 2 deals:
- $1296 per month (for 12 months).
- $1156 per month (for 10 months) + plus make a one time $4000 tax-deductible donation to the congregation.
My stats (e.g. how much I make, etc...) are here. Which deal makes more sense when applying the deduction to my tax situation?
Additionally, I'll be applying to pay less in child/spousal support, since the kids are pretty much with me full time. So declaring one amount vs the other might make a bit of a difference (donations don't count though) - I don't know exactly how that's gonna play out. So only apply this variable if you know what it actually comes out to.