The tax bill that President Trump signed into law December 22 benefits thousands of families with children in religious and independent schools and positively resolves several issues of concern to the private school community.

Prior to the bill’s passage, CAPE invited voters to contact Congress about four specific tax-related issues, all of which were favorably addressed in the final legislation.

At the top of the list was a proposal to expand popular college savings accounts, known as 529 accounts, to allow—starting in 2018—withdrawals of up to $10,000 annually to cover tuition in elementary and secondary schools.

Read more about the impact of the new tax law on private schools in the January issue of CAPE Outlook.