Allows a tax credit for elementary and secondary school supply expenses.

The Supporting Students and Families Act amends the Internal Revenue Code to introduce a tax credit for eligible elementary and secondary school supply expenses. This credit is limited to $200 per taxable year and applies to expenses for books, supplies, and other equipment related to a dependent's enrollment or attendance at a school. The credit is reduced for taxpayers with a modified adjusted gross income exceeding $150,000 and cannot be claimed if the expenses are considered qualified education expenses under a Coverdell education savings account.

Allows a tax credit for elementary and secondary school supply expenses.

The Supporting Students and Families Act amends the Internal Revenue Code to introduce a tax credit for eligible elementary and secondary school supply expenses. This credit is limited to $200 per taxable year and applies to expenses for books, supplies, and other equipment related to a dependent's enrollment or attendance at a school. The credit is reduced for taxpayers with a modified adjusted gross income exceeding $150,000 and cannot be claimed if the expenses are considered qualified education expenses under a Coverdell education savings account.