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    tywalters1's Avatar
    tywalters1 Posts: 1, Reputation: 1
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    #1

    Jul 11, 2009, 09:31 AM
    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?
    s_cianci's Avatar
    s_cianci Posts: 5,472, Reputation: 760
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    Jul 11, 2009, 09:32 AM
    No. Supplemental educational expenses are not deductible.
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