U.S. Treasury Proposes Rule for Nationwide Education Freedom Tax Credit, Expanding School Choice

The U.S. Department of Treasury has released a proposed rule for the Education Freedom Tax Credit, America's first nationwide school choice program. This credit allows taxpayers to claim up to $1,700 for donations to K-12 scholarship organizations, with estimates suggesting it could fund 2.2 million scholarships annually by 2030. The proposed rules prevent states from restricting the types of schools or qualified expenses covered by these scholarships.