Supporting Students and Families Act

This bill would create a federal income tax credit for money individuals spend on books, supplies, and other equipment for a dependent child attending a public, private, or religious elementary or secondary school. The credit would be capped at $200 per year. The credit would be reduced for taxpayers whose modified adjusted gross income is above $150,000 and would phase out fully at $215,000. Expenses already counted under a Coverdell education savings account could not also be claimed. The credit would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Michael Lawler Republican sponsor
• 0 cosponsors