“Sleeper Law” No. 7 — 2014 Tax Bill includes temporary reading tax credit

“Sleeper Law” No. 7 — 2014 Tax Bill includes temporary reading tax credit

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.

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