H.R. 1056: Family Education Freedom Act of 2007
H.R. 1056: Family Education Freedom Act of 2007
Family Education Freedom Act of 2007 – Amends the Internal Revenue Code to allow a tax credit of up to $5,000 (adjusted for inflation after 2007) per student per year for the cost of attendance at any educational institution (including any private, parochial, religious, or home school) organized to provide elementary or secondary education, or both.
Sponsor: Rep. Ronald Paul [R-TX]
Cosponsors [as of 2007-10-20]
Rep. Roscoe Bartlett [R-MD]
Rep. Tom Feeney [R-FL]
Rep. Patrick Mchenry [R-NC]
Rep. Jeff Miller [R-FL]
Rep. Bobby Rush [D-IL]
Rep. James Sensenbrenner [R-WI]
This bill may look good on the surface, but the kicker is, “Amends the Internal Revenue Code.” To receive such a credit in this manner, a family would have to meet the requirements of the IRS who would then be in the business of writing rules saying that A, B and C are acceptable practices for receiving a credit, but that X, Y and Z are not.
H.R. 1056 — Full text
`(e) Regulations- The Secretary shall prescribe regulations to carry out this section, including regulations providing for claiming the credit under this section on Form 1040EZ.’
For further information, see:
- Home Education Magazine: Are Tax Credits for Educational Expenses a Good Idea for Homeschoolers?, May/Jun 1998
- LocalHS.com: Federalization of homeschooling, 4 December 2003
- NHELD: CT Legislators against Federalization of homeschooling
- Homeschool CPA: Do homeschool teachers get the Educators Expense deduction?
Probably the bottom line is whether parents who homeschool would like to be audited by the IRS about their choice of homeschooling expenses.
posted by Valerie

