By Denise Dittrich, MSBA Associate Director of Government Relations
The 2014 Tax Bill included a temporary new reading tax credit for parents or guardians of a qualifying child. This tax credit would be for 75 percent of expenses paid for tutoring, instruction or treatment not covered by health care, for up to $2,000. The tax credit can be spent for children who are not receiving special education services from a public school and yet have a deficiency in reading skills that impair them from meeting expected academic standards. This law is effective from December 31, 2013, to January 1, 2015.