This bill proposes to amend the Internal Revenue Code of 1986 by creating a new refundable tax credit for elementary and secondary education expenses. This credit would allow taxpayers to claim a significant portion of the costs incurred for each qualifying child attending either a public or private elementary or secondary school. The maximum credit allowable is set at $10,000 per child for qualified education expenses paid during the taxable year, providing substantial financial relief to families. The credit covers tuition and fees, along with up to $1,500 in non-tuition expenses such as computers, educational software, academic tutoring, special needs services, and school-provided transportation fees. However, it specifically excludes fees for nonacademic activities like sports or school uniforms. The credit amount is subject to a reduction for taxpayers with modified adjusted gross incomes exceeding $75,000 for individuals or $150,000 for joint filers , ensuring it primarily benefits middle and lower-income families. These amendments would apply to taxable years beginning after the date of the bill's enactment.