Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Free Financial Advisor
The Free Financial Advisor
Amanda Blankenship

New $1,700 Federal Scholarship Tax Credit Starts in 2027 — IRS Proposes Rules for Who Can Claim It

Federal Scholarship Tax Credit
Beginning in 2027, eligible taxpayers can claim a federal tax credit of up to $1,700 for qualifying cash contributions to approved scholarship organizations, while married couples filing jointly may qualify for up to $3,400. bangoland/Shutterstock

A new federal tax credit could be worth up to $1,700 for taxpayers who donate to qualifying scholarship organizations beginning in 2027, and married couples filing jointly could potentially claim twice that amount.

The Internal Revenue Service and Treasury Department have released proposed regulations explaining how the new Federal Scholarship Tax Credit, also known as the Education Freedom Tax Credit, would operate.

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.