Allows a tax deduction for expenditures on youth enrichment programs for dependents under 19.
The Affordable Youth Enrichment Opportunities Act amends the Internal Revenue Code to establish a deduction for qualified youth program expenditures. This deduction applies to expenditures for dependents under 19 to participate in programs aimed at academic, athletic, or artistic enrichment. The deduction is capped at $5,000 per year and is subject to income limitations. The deduction is effective for taxable years beginning after December 31, 2026, with an inflation adjustment starting in 2027.
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