Search Results: keywords:"achieving choice in education act"

  • H. R. 6795 — To amend the Internal Revenue Code of 1986 to provide incentives for education.
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    Status:Introduced in House
    Words:1,320

    H. R. 6795, known as the “Achieving Choice in Education Act” or “ACE Act,” aims to amend tax laws to support education. It proposes allowing more flexible use of 529 savings plans for homeschooling and various elementary and secondary school expenses, raising the withdrawal...

    Simple Explanation

    The ACE Act is like giving families a bigger piggy bank that they can use to pay for more types of school stuff, like books or homeschooling, and it lets them put more money into it without worrying about some taxes, but some people think this helps rich families more.

  • S. 3520 — To amend the Internal Revenue Code of 1986 to provide incentives for education.
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    Status:Introduced in Senate
    Words:1,325

    S. 3520, also known as the "Achieving Choice in Education Act" or "ACE Act," aims to amend the Internal Revenue Code to support educational opportunities. The bill proposes changes that would allow for 529 education savings accounts to cover more homeschooling and secondary...

    Simple Explanation

    The Achieving Choice in Education Act wants to let people use more special savings money for things like homeschooling and tutoring, make bigger gifts with tax benefits, and help some states that give kids more school choices.