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Treasury and IRS Propose Regulations for Federal Scholarship Tax Credit
The Treasury Department and the Internal Revenue Service have released proposed regulations governing the federal scholarship tax credit. The rules would set out how taxpayers claim credits for donations to organizations that grant scholarships, and how those organizations operate. Details on provisions and reaction from school choice advocates and public education groups remain limited, with a public comment process expected to shape the final rules.
Why now: The proposed rules are new and affect taxpayers, families and schools potentially covered by the federal scholarship tax credit program.
US Department of the TreasuryInternal Revenue Service
Evidence
- Treasury and IRS Propose Regulations for Federal Scholarship Tax Credit · The Presidential Prayer Team
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