Treasury Department Unveils Rules for New Federal School Choice Tax Credit

The U.S. Treasury and IRS have issued proposed rules for the Education Freedom Tax Credit, a new federal school choice program starting January 2027. This program allows taxpayers to claim up to $1,700 for contributions to K-12 scholarship organizations. It aims to expand educational choices for families, with 30 states already participating, and is projected to grow significantly, potentially reshaping K-12 funding and access.