Back to School Tax Credit Act

The Back to School Tax Credit Act would create a new federal income tax credit for parents and guardians who pay for school supplies for dependent children under age 17. The credit is calculated separately for each eligible child and is capped at $250 per child, based on the actual amount spent on qualified items. Covered expenses include common necessities such as backpacks, notebooks, calculators, lunch boxes, writing instruments, and school uniforms for primary or secondary education in public, private, or home schools. This provision would apply to taxable years beginning after the date of the Act's enactment.