
Last Independence Day, the One Big Beautiful Bill Act was signed into law, furthering many key priorities of the Trump administration. Tucked inside the multihundred-page bill was a short provision that, beginning in 2027, could have a significant impact on K-12 students, unofficially known as the Federal Tax Credit for Scholarships.
The FTCS will provide taxpayers with a nonrefundable federal income tax credit of up to $1,700 per year for qualified donations to scholarship-granting organizations, or SGOs. Donations to SGOs will fund scholarships distributed to students in grades K-12 to help cover expenses such as tuition, tutoring, therapies, books, supplies, internet access, and more. All children whose families do not exceed a generous income cap are eligible — children in public schools as well as privately educated children. For states that opt into the program, the benefits are undeniable, as it costs them nothing.
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Gov. Jared Polis (D-CO) even said opting in is a “no-brainer,” going so
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