The supply fee is used to cover the costs of your child's classroom supplies, entry and parking fees incurred at our field trips and for the individualized assessment batteries for cognitive development and educational achievement.
** Reimbursable for attendance at 2 parent/teacher conferences & 2 parent workshops annually
Per our understanding, with the recent passage of the new tax law, the definition of a 529 plan "qualified education expense" has been expanded to include K-12 expenses. Starting in 2018, annual withdrawals of up to $10,000 per student can be made from a 529 college savings plan account for tuition expenses in connection with enrollment at an elementary or secondary public, private, or religious school (excluding home schooling). We understand that such withdrawals are now tax-free at the federal level.
This description has been prepared for informational purposes only, and should not be construed as tax, legal or accounting advice for your circumstances. You should consult your own tax, legal and accounting advisors before engaging in any transaction.