Virginia Considers Tax Credits For Parents Who Homeschool Kids
HB 784, introduced by Dave LaRock, a Republican member of the Virginia House of Delegates, would provide “an individual, nonrefundable income tax credit for taxable years 2022 through 2026, for amounts paid by the parent or legal guardian of a child for the child’s home instruction expenses or tuition for attending an accredited private school in Virginia,” according to a summary of the bill. The credit would be limited to the lesser of the amount actually paid for qualifying expenses in the taxable year, or half of the average state standards of quality funding per student per year....