One Big Beautiful Bill

high-cost-of-school-supplies-stockpack-adobe-stock-15314513-stockpack-adobestock
High cost of school supplies
Image Credit: plotnik - Adobe Stock

A School Choice Breakthrough That Costs Taxpayers Nothing

What if you could help a child receive a better education at no cost to yourself? Beginning in 2027, Americans will be able to do exactly that. Under the Education Freedom Tax Credit, taxpayers can contribute up to $1,700 annually to approved scholarship-granting organizations and, in return, receive a dollar-for-dollar federal tax credit. Every dollar donated will be offset against the taxpayer’s debt to the federal government. Enacted as part of the One Big Beautiful Bill signed into law on Independence Day last year, the policy establishes the first federal tax-credit scholarship program in U.S. history. Many states already have successful state-level tax-credit scholarship programs that can serve as a proof of concept. Nonprofit scholarship-granting organizations such as ACE Scholarships, which Read More ›