Federal scholarship for private school and homeschooling opening to most kids in at least 30 states
The program could direct nearly $26 billion a year into as many as 2.2 million scholarships, Treasury and IRS officials said.
- On Thursday, the Treasury Department released proposed regulations for the Federal Scholarship Tax Credit, a program launching Jan 1 that incentivizes taxpayer donations for private school and homeschooling expenses.
- President Donald Trump signed the program into law last year as part of his tax breaks and spending cuts bill, with the IRS and Treasury predicting nearly $26 billion directed into 2.2 million scholarships annually.
- At least 30 states have opted in, making about 96% of children in those states eligible for scholarships covering tuition, homeschooling, tutoring, and special education therapies.
- Governors from Minnesota, Wisconsin, and Oregon declined participation citing public school funding concerns, while Democratic Gov. Kathy Hochul of New York remains supportive of the state's participation.
- The public has 60 days to comment on the proposed regulations before the Treasury Department finalizes rules ahead of the scholarship program's Jan 1 implementation.
179 Articles
179 Articles
Feds provide guidance on new federal K-12 scholarship tax credit program • West Virginia Watch
The U.S. Department of the Treasury released new guidance Thursday for participating states, scholarship-granting organizations and taxpayers as the federal scholarship tax credit program prepares to take effect in January. Created through President Donald Trump’s massive tax and spending law in 2025, the Education Freedom Tax Credit program allows individuals to claim a dollar-for-dollar federal […]
Democratic governors face looming deadline to opt in for educational tax credit
With the publication of regulations on Thursday for the new federal educational tax credit program, governors now have until the end of the year to decide whether to opt their states into the program. The tax credit program, which has been championed by many Jewish community groups but opposed by teachers’ unions, has presented a...
Commentary: Treasury Clarifies Details of New Federal School Choice Program
The new school year is well underway, but federal officials are looking ahead to next year’s school calendar and a new federal school choice option. This week, the U.S. Department of the Treasury released proposed and temporary guidance on the program to help state officials and families prepare.
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