1 week ago

Trump Promotes Historic School Choice Expansion and Parental Control

President Donald Trump wants parents to have more control over their children’s education.

He promoted a new tax credit that helps nonprofit groups provide education scholarships.

These scholarships can pay for tuition, books and other school costs.

They can be used at public, private or religious schools.

The law also lets families use more money from 529 savings accounts for school expenses.

For the first time, those accounts can support homeschooling, according to Trump.

Education Secretary Linda McMahon said more than 50 million children could be eligible.

The administration also says it is moving education decisions from Washington to states, schools and families.

Key facts

Education Freedom Tax Credit: Provides a federal tax credit of up to $1,700 for contributions to nonprofit scholarship organizations.
Eligible scholarship uses: Tuition, books and other basic educational costs at public, private or religious elementary and secondary schools.
529 account limit: The annual withdrawal limit for kindergarten-through-Grade-12 expenses was doubled to $20,000.
Homeschooling: The law expanded 529 account use to private, religious and homeschool education.
Potential reach: Linda McMahon said more than 50 million children are eligible for the tax credit.
State waivers: Six states received waivers that McMahon said freed more than $100 million from federal controls.
Federal requirements: McMahon said 25 states were using existing authority to reduce federal requirements for thousands of school districts.

thehansindia.com · 1 week ago