The new federal scholarship tax credit program will expand K-12 educational opportunities to benefit millions of students in public and non-public schools across New York.
What the new Federal Scholarship Tax Credit Program DOES:
- Becomes effective on January 1, 2027.
- Empowers parents to choose the best school or education service for their children.
- Expands access to educational opportunities that best meet the students’ needs through a wide variety of qualified educational expenses.
- Enables New Yorkers to financially support K-12 education in their community.
- Establishes a 100% non-refundable federal tax credit up to $1,700 per taxpayer annually for contributions to scholarship granting organizations (SGOs).
What the new Federal Scholarship Tax Credit 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 millions of dollars in private charitable donations for K-12 education through the 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 special needs 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.