Bill · H.R. 2097· House(119-HR-2097)
Education, Achievement, and Opportunity Act
- Introduced
- 3/14/2025
- Last activity
- 3/14/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Christopher Smith
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Education, Achievement, and Opportunity Act," proposes to amend the Internal Revenue Code of 1986. It would establish a new refundable tax credit for individuals to cover qualified education expenses for each qualifying child. These expenses include tuition and certain other costs for students attending public or private elementary or secondary schools. The credit is subject to a maximum of $10,000 per child. Additionally, the amount of the credit may be reduced based on the taxpayer's modified adjusted gross income.
Yes· 3 of 14
Does this make it easier to use public money at a school other than the local one?+8
The bill directly facilitates school choice by providing financial support for both public and private elementary and secondary education.
Would children be better off under this?+7
The bill provides direct financial relief for the educational expenses of qualifying children.
Would households on low incomes be better off under this?+6
The refundable credit offers significant support for low-income families pursuing educational opportunities.
The opposite
Would high-income households be better off under this?-2
The credit is phased out for households with higher adjusted gross incomes.
Who it would affect, and how
Potential Positive Impacts for People
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Tuition and Fee Reimbursement: Taxpayers can receive a credit against their income tax for tuition and fees required for enrollment or attendance at a qualified educational institution (Section 3, subsection a, paragraph 1).
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Support for Additional Educational Costs: The bill allows for the coverage of certain non-tuition expenses up to $1,500, such as books, computers, educational software, academic tutoring, special needs services, certain transportation fees, and academic testing services (Section 3, subsection c, paragraph 2, sub-paragraph A).
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Increased School Choice: The bill's findings suggest that parents would have the right to choose the public or private school that best meets their child's individual needs (Section 2).
Potential Negative Impacts for People
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Income-Based Credit Reductions: The amount of the credit is reduced by $50 for every $1,000 (or fraction thereof) that a taxpayer's modified adjusted gross income exceeds a specific threshold (Section 3, subsection b, paragraph 1).
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Income Threshold Limits: The credit reduction applies once a taxpayer's modified adjusted gross income exceeds $150,000 for joint returns or $75,000 in any other case (Section 3, subsection b, paragraph 2, sub-paragraph A).
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Exclusion of Certain Costs: The credit does not cover special school fees for nonacademic purposes, such as student activities, athletics, insurance, school uniforms, or nonacademic after-school activities (Section 3, subsection c, paragraph 2, sub-paragraph B).
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Reduction for Savings Account Distributions: The amount of qualified education expenses considered for the credit will be reduced by any amounts taken from Coverdell Savings Accounts that were not included in gross income (Section 3, subsection d).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children+7Good For Low Income Households+6Good For Middle Class Households+6Good For People With Disabilities+6Good For Students+5Good For Middle Aged+4Good For High Income Households-2
- Social Issues And Justice
- Improves Disability Rights+5Improves Poverty Reduction+4Improves Childcare Affordability+3Improves Religious Freedom+3
- Education And Technology
- Improves School Choice+8Increases Public School Funding+2
- Economy And Finance
- Reduces Middle Class Taxes+5
- Governance And Ideology
- Increases Federal Power+1
- 3/14/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House