Iowa Tuition & Textbook Credit

The Iowa Tuition and Textbook credit is for expenses paid for either homeschooling or attending a K-12 accredited school in Iowa. Both public and private schools qualify as long as they are accredited. Private schools must be not-for-profit. 

The amount of the credit is 25% of the first $2,000 spent for each of your dependents. That's a potential tax savings of $500 per child! Expenses paid through an Educational Savings Account (ESA) aren't eligible, but expenses paid through a 529 plan are eligible!

Below is a table of qualifying expenses. They cover a lot more than just tuition and textbooks!