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Tax Credit for K-12 Tuition and Education Expenses

This new act introduces a refundable tax credit of up to $10,000 per year for expenses related to a child's elementary and secondary education, applicable to both public and private schools. It covers tuition and up to $1,500 for other costs like books, tutoring, or school transportation. The aim is to support parents in choosing the best educational environment for their children.
Key points
Parents can receive a tax credit of up to $10,000 per child annually for school tuition and other educational expenses.
The credit applies to both public and private schools, including religious institutions.
Income limits for the full credit are $150,000 for joint filers and $75,000 for others, with the credit gradually reduced above these thresholds.
Qualified expenses include tuition, books, educational software, tutoring, special needs services, and school transportation fees (up to $1,500 for non-tuition expenses).
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Introduced
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Additional Information
Print number: 119_HR_2097
Sponsor: Rep. Smith, Christopher H. [R-NJ-4]
Process start date: 2025-03-14