Donald Trump has pledged to expand his former Trump tax cut education savings account plan (which allowed up to $10,000 dollars a year tax-free on tuition for grades K-12) to the homeschooling community.
Trump first outlined his previous tax incentives for school choice.
“When I am reelected I will do everything I can to support parents who make the courageous choice of homeschool. Under the Trump tax cuts, we allowed families to use 529 education savings accounts to spend up to $10,000 a year tax-free on tuition for grades K-12. This was a tremendous win for school choice, very important, school choice. Remember that term? And yet that benefit did not apply to homeschoolers,” Trump said in a recent video.
The GOP candidate then outlined his new initiative, bringing the school choice tax incentives to homeschooling.
“So to support the growing homeschool movement, in my next term I will immediately fight to allow homeschool parents the same incredible benefit, $10,000 dollars a year per child, completely tax-free to spend on costs associated with homeschool education. I will also work to ensure that every homeschool family is entitled to full access to the benefits avaliable to non-homeschool students, including participating in athletic programs, clubs, after-school activities, education trips and more,” Trump said in a recent video.
Hellbound and Down 