New Federal Tax Credit for K-12 Education Offers Opportunities for Oklahoma Public Schools, Awaiting Final Guidance

A new federal education tax credit, set to take effect on January 1, will allow U.S. citizens and residents to receive a dollar-for-dollar reduction in their federal income tax for donations to scholarship-granting organizations. While this offers new opportunities for Oklahoma public schools, donors are currently awaiting final official guidance, with only five such organizations having applied in Oklahoma so far.