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119-s-5420119th CongressWALLET

A bill to amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return.

Sponsored By: Senator Cassidy, Bill [R-LA]

Introduced

Summary

Doubles the cap on the qualified elementary and secondary education scholarships credit for married taxpayers filing jointly. The bill would amend Internal Revenue Code section 25F(b)(1) so joint returns count as 200 percent of the base limit, and it would apply to taxable years beginning after December 31, 2025.

Show full summary
  • Married taxpayers filing joint returns: Would be able to claim a larger scholarship tax credit cap equal to 200 percent of the standard limit, increasing the maximum credit available when filing jointly.
  • Single filers and other filing statuses: Would see no change to their credit limit. The bill does not change eligibility rules, phase-ins, sunset dates, or how the credit is administered.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger school scholarship credit for married couples

If enacted, married couples filing a joint return would be able to claim a larger Section 25F qualified elementary and secondary education scholarships credit. The bill would set the joint-filer limit at 200 percent of the usual credit amount. This change would apply to taxable years beginning after December 31, 2025, and only affects taxpayers who claim the Section 25F credit.

Sponsors & CoSponsors

Sponsor

Cassidy, Bill [R-LA]

LA • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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