Search Results for keywords:"homeschooling expenses"

Search Results: keywords:"homeschooling expenses"

H. R. 9462 — To amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students.
💰
September 06, 2024
Status:Introduced in House
Congress:118
Words:3,982
H.R. 9462, titled the "Educational Choice for Children Act of 2024," proposes changes to the Internal Revenue Code to allow individuals to receive a tax credit for charitable donations made to organizations that provide educational scholarships to elementary and secondary...
Simple Explanation
H.R. 9462 is like a plan where people can get some money back on their taxes for giving to groups that help pay for kids' school stuff, like books and tuition, but it needs to make sure everyone gets a fair chance and checks that the money is used correctly.
H. R. 6702 — To amend the Internal Revenue Code of 1986 to allow a nonrefundable credit for elementary and secondary school supply expenses.
💰
December 11, 2023
Status:Introduced in House
Congress:118
Words:624
H.R. 6702 proposes an amendment to the Internal Revenue Code to provide a nonrefundable tax credit for school supplies purchased for elementary and secondary students. The credit allows individuals to claim up to $200 for expenses like books and equipment related to a child's enrollment in a...
Simple Explanation
This bill wants to help people pay for their kids' school supplies by giving them a break on their taxes, but they can only get a $200 break each year and it starts getting smaller if they make more than $150,000 a year.
S. 3520 — To amend the Internal Revenue Code of 1986 to provide incentives for education.
💰
December 14, 2023
Status:Introduced in Senate
Congress:118
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.

Showing 1 to 3 of 3 results