The tax bills in the U.S. House and Senate have curious twists. According to the Alliance to Reclaim our Schools, 529 college savings accounts could be used for K12 private school tuition. Send your child to private school and get a tax break.
The U.S. Senate’s tax plan allows a tax deduction as a charitable contribution for private school tuition. A second provision creates tax credits for corporate and individual contributions to state non profits that offer tuition payments for low and middle income families.
The drive to get something passed in Congress, anything really, has resulted in a hodge podge of special interests that are certainly not in the public interest.