Families using K-12 education scholarships would get a bigger tax credit, adjusted for inflation.
This bill would increase a federal tax credit that helps families pay for K-12 education scholarships. It would set the credit at $1,700, double it for married couples filing jointly, and adjust it yearly for inflation starting in 2027. This means families using these scholarships could save more on their taxes.
This bill would establish the federal tax credit for K-12 education scholarships at $1,700. It would also explicitly double the credit for joint returns and add a detailed annual inflation adjustment, starting in 2027.
S 5322 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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