Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Akshay Puri

Married Couples Could Claim Up to $3,400 in New IRS Tax Credits Starting in 2027: Who Qualifies?

Donations to approved scholarship organisations could lower federal taxes under a new IRS education credit launching in 2027. (Credit: This is an AI-Generated Image)

Married couples in the US could claim up to $3,400 in federal tax credits from 2027 by donating to eligible scholarship organisations. However, the maximum is not automatic, and couples must meet separate contribution requirements for each spouse to qualify for the full amount.

The Education Freedom Tax Credit allows eligible taxpayers to claim up to $1,700 each for qualifying cash contributions to Scholarship Granting Organisations (SGOs). The credit is non-refundable, meaning it can reduce eligible federal tax liability but does not automatically provide a cash payment for any unused amount.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.