Tax-credit scholarships, usually operated on the state level, are a form of school choice that allows individuals or businesses to receive full or partial credits when they contribute to a nonprofit that provides private school scholarships. The tax code change is permanent because there is no expiration date in the law. “Parents should decide where their kids go to school," said Republican Senator Bill Cassidy. "This bill helps them do that." Cassidy authored the "Educational Choice for Children Act" that was included within the “One Big, Beautiful Bill." Under the new legislation, any taxpayer who donates up to $1,700 annually to a scholarship-granting organization is eligible for a federal income tax credit for their full contribution, or an equal amount in a reduction of taxes owed. According to the Institute on Taxation and Economic Policy, there is no other charitable giving structure that allows this type of dollar-for-dollar tax incentive. This bill relies on state governments to designate which scholarship groups can receive funds. The American Federation for Children has been advocating for school choice legislation for 10 years, according to Fox News.Giving credits where credits are due...
Thursday, July 10, 2025
Choice Rewards
Choice comes for parents:
Subscribe to:
Post Comments (Atom)
Music Mania
Music still matters: The state-funded University of North Texas went after Prof. Timothy Jackson, and the case eventually involved TX Attorn...
-
Lockheed is investigating racist bonuses: The story began in December 2022, when the whistleblower was preparing recommendations for the aer...
-
No more nuke subsidies: For decades, governments have offered taxpayer subsidies to support existing energy sources or to develop new ones, ...
-
The cult of the local grocery store: It’s a little like being a superfan of the bank: A place that was once entirely utilitarian is now a pl...
No comments:
Post a Comment