New York - Governor Spitzer to Make Private School Tuition Tax Deductible
New York - Governor Spitzer is attempting to make private school tuition tax deductible.
The executive budget he released would give middle-class parents a tax deduction of up to $1,000 for tuition.
Mr. Spitzer, who sends his children to an elite private school in the Bronx, is seeking to allow families with an annual income of $116,000 or less to deduct $1,000 from their state income taxes for tuition paid to public, private, or parochial schools. Families that earn between $116,000 and $125,000 a year also could take a deduction, although the amount of the deduction would be lower for higher salaries. Families that make more than $125,000 would be ineligible.
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