IRS Considers Plans for Major New Tax Credit for Millions

IRS considers plans for major new tax credit for millions

The credit will apply to donations made to scholarship-granting organizations that support elementary and secondary students.

IRS mulls regulations for tax credits for scholarships

The Internal Revenue Service and the Treasury Department are asking for comments on regulations they plan to propose for a new tax credit under the One Big Beautiful Bill Act for donating to organizations that give scholarships to low-income and middle-income K-12 students attending qualified private and parochial schools.

Treasury, IRS request comments on implementation of the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill

IR-2025-115, Nov. 25, 2025 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2025-70, requesting comments on the implementation of a new tax credit for individuals established under the One, Big, Beautiful Bill.

IRS Seeks Comments on New OBBBA Tax Credit Scholarship Program

The Treasury Department and the IRS are seeking feedback on the implementation of a new federal tax credit scholarship program under the One Big Beautiful Bill Act designed to support school choice initiatives and students with education-related expenses.