Catch Up Our Kids Act: Scholarships and Tax Credits for Pandemic Learning Loss.
This act aims to help students recover from learning loss caused by the COVID-19 pandemic. It introduces educational scholarships funded by unobligated federal funds and new tax credits for parents to cover education-related expenses. The changes are designed to facilitate access to tutoring, extracurricular classes, and educational materials.
Key points
Learning Loss Scholarships: Parents can apply for scholarships to cover tuition, tutoring, educational materials, and therapies for children, funded by unobligated federal funds.
Tax Credit: A new tax credit of $1,200 per qualifying child is introduced to help families with costs related to catching up on learning.
Employer Assistance: Employers can offer up to $2,000 per child annually for educational assistance programs, which are excluded from an employee's gross income.
Education Savings Accounts: The annual contribution limit for Coverdell Education Savings Accounts is temporarily increased to $4,000 until the end of 2024, and the use of funds from 529 qualified tuition programs is expanded to cover a broader range of educational expenses, including homeschooling and therapies.
Parental Rights Protection: The act emphasizes that the federal government will not control private or home education providers, and states cannot discriminate against educational providers based on their religious character.
Expired
Additional Information
Print number: 117_S_4726
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2022-08-02