Bill creates $200 yearly tax credit for school supplies.

What it does

The bill lets families reduce their taxes by up to $200 each year. Families can use this credit for school supplies. These include books, equipment, and materials for their kids. Families earning more than $150,000 per year get a smaller credit. Families cannot claim the same expenses twice if they already used them in a Coverdell education savings account.

Who it affects

Families with school-age children get money back on their taxes. Lower- and middle-income families get the full $200 credit. Higher-income families get less or none.

One thing to notice

The $200 credit may not cover all school supply costs that families actually pay. Families earning above $150,000 per year get less help or none.

From the analysis of the bill text, linked under Primary records below.

Where it stands

• Aug 3, 2026 — Introduced · Congress.gov: “Introduced in House”
• Aug 3, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Words to know

• tax credit — Money the government gives back to reduce what you owe in taxes.
• Coverdell education savings account — A special savings account where families can put money aside for school costs.