The new federal tax credit scholarship program will expand K-12 educational opportunities to benefit millions of students in public, private, religious, and charter schools; and in homeschools and microschools across the country.
What the new Federal Tax Credit Scholarship Program DOES:
- Becomes effective on January 1, 2027.
- Offers a 100% non-refundable federal tax credit up to $1,700 per taxpayer annually for contributions to scholarship granting organizations.
- Enables Americans to financially support K-12 education in their community. and educational tools
- Empowers parents to choose the best school or education service for their children.
- Complements existing state programs, which adds greater benefits to students.
- Expands access to educational opportunities that best meet the students’ needs through a wide variety of qualified educational expenses.
- Supports students through private donations. Statewide examples of support if an estimated 15% of taxpayers participate:
- California $1,552,095,750
- Colorado $256,966,560
- Connecticut $163,140,330
- Illinois $492,894,090
- New York $762,647,880
- Pennsylvania $483,723,780
See the numbers in your state HERE
What the new Federal Tax Credit Scholarship Program DOES NOT:
- Take away education funding from public schools; rather, the program will add funding for public school students.
- Act like a private school voucher program, which is the expenditure of government funds; rather, the program will generate charitable donations for K-12 education through a tax credit.
- Provide subsidies for wealthy families; rather, children from wealthy families are not eligible to receive scholarships.
- Eliminate protections for students with disabilities; rather, such students will have greater access to more services and school options.
Our Mission
Invest in Education Foundation believes that financial limitations should not stand in the way of a high quality education for children in K-12 education.