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.
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Capitol Fa - Your Illinois News Radar » Feds release school voucher tax credit rules Pritzker said he was waiting forCapitolFax.com
* The Washington Post… The Trump administration took a major step Thursday toward launching the nation’s first federally funded school voucher program, set to steer billions of tax dollars to private schools — but also, perhaps, to public school students. The Treasury Department released long-awaited rules that will govern the first-of-its-kind effort before it’s implemented in January. [...]
Feds provide guidance on new federal K-12 scholarship tax credit program • Washington State Standard
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 […]
Education tax credit rules released as Illinois waits – Center Square
“Families need this support, right? We shouldn't block families from having this type of dollar for dollar program,” Chicago homeschool advocate Latasha Fields said, adding that Illinoisans can still make donations. “The way the program is outlined, we can still give, but unfortunately, if Gov. Pritzker does not opt in, our children in this state would not benefit,” Fields said.
Treasury Moves To Steer Billions To Private Schools
The Washington Post reports: The Trump administration took a major step Thursday toward launching the nation’s first federally funded school voucher program, set to steer billions of tax dollars to private schools — but also, perhaps, to public school students. The Treasury Department released long-awaited rules that will govern the first-of-its-kind effort before it’s implemented … The post Treasury Moves To Steer Billions To Private Schools ap…
Feds provide guidance on new K-12 scholarship tax credit program
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 […]
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