While many families take advantage of the standard college tax deductions available, many do not take the medical tax deduction for educational expenses. Because Landmark College is exclusively for students who have been diagnosed with a learning disability, parents may be eligible for a medical tax deduction for tuition, fees, and additional costs like books, computers, transportation, and other education-related expenses. IRS publications 907 and 502 offer information about medical expenses.
We recommend you consult with your tax advisor about these options.
Helpful IRS Publications
- IRS Publication 502 [PDF]
Medical and Dental Expenses
- IRS Publication 907 [PDF]
Tax Highlights for Persons with Disabilities
- IRS Revenue Ruling 78-340 [PDF]
Medical expenses: tuition or tutoring fees
- IRS Private Letter Ruling 8401024 [PDF]
School for learning disabilities
- IRS Private Letter Ruling 200521003 [PDF]
Medical expense deductions: dyslexia
- IRS Private Letter Ruling 8447014 [PDF]
What is medical care?
- Practice Aid O502 [PDF]
Deductible and Nondeductible Medical Expenses
Making Landmark College More Affordable
During each Family Weekend, financial advisors from Wilder Business offer a presentation on steps you can take to reduce tuition costs. The presentation, “Tax Savings Opportunities for Landmark College Students & Parents” was prepared by Russell K. North of North Business Services, P.C., d/b/a Wilder Business Service, an independent provider of tax and other business services.
Landmark College does not provide tax advice and we have not been involved with the development of the presentation. We recommend that you consult with your tax advisor about these matters.