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-   -   SAT/ACT test prep class fees and tax deductibility (https://www.askmehelpdesk.com/showthread.php?t=374367)

  • Jul 11, 2009, 09:31 AM
    tywalters1
    SAT/ACT test prep class fees and tax deductibility
    I am enrolling my rising high school senior in a course to better prepare her to take the SAT and ACT exams. If I use my IRA savings to pay for this course, can this be considered a "higher education expense" and therefore become an IRA withdrawal without penalty?
  • Jul 11, 2009, 09:32 AM
    s_cianci
    No. Supplemental educational expenses are not deductible.

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