To claim the credit or subtraction save all the receipts when you buy your children’s school supplies, including pencils, pens, crayons, notebooks, calculators, etc.
You can also claim expenses for things like:
- The cost of computer hardware and educational software (up to $200)
- Academic text books
- Fees paid to others for transportation
- Music lessons
- After school academic programs
- Academic summer camps
Some expenses count for the subtraction but not the credit. For example, you can use the expenses for private school tuition or college courses (while your child is in High school) only for the subtraction.
Some expenses can’t count towards either the credit or the subtraction. These include sports camps or lessons and travel expenses, lodging, and meals for overnight class trips.