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S. 5420

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return.
About This Bill
Committee
Latest Action · September 17, 2026
Read twice and referred to the Committee on Finance.
Introduced
September 17, 2026
Cosponsors (0)
None
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Summary

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This bill would increase the tax credit limit for qualified elementary and secondary education scholarships for married couples filing joint tax returns. Specifically, it amends the Internal Revenue Code to allow married joint filers to claim double the current credit limit, while single filers would continue using the existing limit. The change would take effect for tax years beginning after December 31, 2025. The bill affects married taxpayers who contribute to education scholarship programs for elementary and secondary students and seek to claim the related tax credit on their returns. No specific funding amounts are mentioned in the legislation, as it functions as a tax credit modification rather than a direct spending program.

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