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Alabama Education Savings Launches July 1
Alabama families can now access new education savings accounts starting July 1st under the CHOOSE Act, offering up to $7,000 for K-12 expenses — $2,000 for home-schooled kids (up to $4,000 for multiple children). Funds come via refundable tax credits and are managed by the state’s Department of Revenue through the ClassWallet platform. Eligible expenses include tuition, books, and tutoring — but not sports fees, uniforms, or food. All purchases must be approved; unused funds revert to the state by June 30, 2027. Income must be below 300% of federal poverty level to qualify this year — next…
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