September 5, 2002

Home School Tax Deduction Passes House Committee

Today, September 5, 2002, the United States House of Representatives Committee on Ways and Means passed by a vote of 22-14 the Back to School Tax Relief Act of 2002 (H.R. 5193). This bill, sponsored by Rep. Bob Schaffer of Colorado, would allow families of K-12 students, whose joint adjusted gross income is less than $40,000 ($20,000 for singles), to claim up to a $3000 deduction for education expenses, including home education. This deduction would apply whether a family itemizes their deductions or not. This is a significant vote, as the bill is now cleared for action on the floor. It is HSLDA's understanding that this vote could come as early as next week. HSLDA will be in touch as H.R. 5193 moves forward. While we would prefer that there be no income limitations on eligibility for general tax relief, congressional budget rules foreclosed that approach this year. HSLDA worked with Congressman Schaffer as he crafted this legislation.