School Choice Tax Credits
Rep. Vito Fossella (R-NY13) endorses federal tuition tax credits for K-12 education at NRO, “An A+ Choice.”
Says Fosella: “Here’s how it would work: Families would be permitted to take a dollar-for-dollar reduction in their tax liability for non-public-school-tuition expenses. For example, a taxpayer with a liability of $10,000 and a tax credit of $4,500 would be required to pay only $5,500 in taxes. Simply, it allows families to keep more of their money to spend on their children’s education.”
Says Fosella: “Here’s how it would work: Families would be permitted to take a dollar-for-dollar reduction in their tax liability for non-public-school-tuition expenses. For example, a taxpayer with a liability of $10,000 and a tax credit of $4,500 would be required to pay only $5,500 in taxes. Simply, it allows families to keep more of their money to spend on their children’s education.”
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