Thursday, December 09, 2010 NEET Tips
NEET Tips answers questions posed online to the NEET website.
Can a Grandparent pay for private school?
Grandparents may pay for the education expenses of a grandchild without any adverse tax consequences, provided the payments are made directly to the school and are considered by the IRS to be a qualifying education expense. Qualifying educational expenses include tuition for full-time or part-time students, but do not include payments for books, supplies, dormitory or boarding fees, or similar costs not directly related to tuition.
See the article: Unlimited Educational and Medical Payments Allowed Under Gift Tax Exemption
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