Here’s what the GOP’s proposal to overhaul the tax code means for schools, students and parents - News Summed Up

Here’s what the GOP’s proposal to overhaul the tax code means for schools, students and parents


But public school advocates assailed the plan, which includes provisions that could hurt public school funding while providing tax breaks for parents who send their children to private schools. But the Republican proposal allows parents to use that money — up to $10,000 a year per child — to pay for private K-12 school tuition and home-schooling. And public school advocates say it gives parents incentives to leave public schools, and that harms districts that rely on education funding based on how many pupils enroll. Under the GOP tax bill, they will no longer get a tax deduction.] The proposal curtails the ability of taxpayers to deduct state and local taxes from their federal tax bill, limiting the deduction to $10,000.


Source: Washington Post December 16, 2017 02:43 UTC



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