A professional infographic showing a 'Family Business' building on the left. An arrow labeled 'Wages (tax-deductible)' points to a smiling graduate (the child). Another arrow labeled 'Section 127 Plan' points from the business to a 'University' building. The child has a piggy bank labeled '$0 Tax.' The style is clean, friendly, and uses green and orange colors.

Can you deduct your college-aged child’s tuition as a business expense? You can receive both tax credits and expense deductions.

BySW Accounting admin

  Can your family business pay for college and get a tax deduction? With college costs soaring just as tax credits disappear, many business owners are asking this exact question. We explore two powerful, IRS-approved strategies to save your family thousands. If you’re a small business owner with kids, you know this feeling all too…