<p>Parents, there is no need to worry! Boarding school FA is not taxable!</p>
<p>Once your child is in college you need to separate tuition and fees from room and board, etc. when calculating education tax credits and/or deductions.</p>
<p>Parents, there is no need to worry! Boarding school FA is not taxable!</p>
<p>Once your child is in college you need to separate tuition and fees from room and board, etc. when calculating education tax credits and/or deductions.</p>