Trump Administration Advances First Nationwide School Choice Program with Proposed Regulations for Education Freedom Tax Credit

The U.S. Department of the Treasury and the Internal Revenue Service have issued proposed regulations to implement the new Federal Scholarship Tax Credit, known as the Education Freedom Tax Credit. This initiative, which aims to establish America's first nationwide school choice program, will allow eligible taxpayers to claim an annual credit for private contributions to K-12 scholarships, with the program set to launch on January 1, 2027.