Tax Credits for Homeschoolers in the News Again
U.S. Senator David Vitter introduced a bill earlier this month to provide tax relief for homeschooling families. The bills would allow tax deductions of $500.00 per child with a yearly limit of $2,000.00 for K-12 activities. The bill (S 3076 IS) would amend the Internal Revenue Code of 1986. It is currently in the first step of the legislative process meaning it is still in committee. It has been read twice and referred to the Senate Committee on Finance. His reasoning is that parents of private schools get tax credits, so homeschool parents should as well. I can find no … Continue reading