This digest is intended to provide basic information on homeschooling for parents of gifted children considering this option. Challenges and opportunities of home schooling are identified and include a large time commitment, expenses of educational resources, flexibility in providing the student with academic challenges, social considerations (offers suggestions for meeting social needs) and legal considerations (notes variations in specific state requirements regarding homeschooling). The paper briefly describes different approaches to homeschooling, resources available to develop or assess the quality of a homeschool curriculum, data on the academic performance of homeschoolers, planning for college, and sources of other information on homeschooling. Contains 11 references. (DB)