Can I earmark my donation to a specific child or school?
A scholarship organization can choose to allow donors to earmark their contribution to a specific school or group of schools, but not to a specific child.
What is the deadline for donations?
Annual deadline Dec. 31st
When can I begin to donate?
January 2027
What is the maximum I can donate and still get a tax credit?
$1700 per taxpayer
I live in a state with an existing scholarship program. How will this help me?
This scholarship tax credit will increase the funding available to scholarship students. Scholarships could potentially be awarded to students who would otherwise not have received [...]
How do I apply for a scholarship?
Once the provision takes effect in 2027, families will be able to apply directly to an approved scholarship organization in their state.
What are examples of allowable uses of scholarships?
Any expense allowed for Coverdell accounts including tuition, fees, academic tutoring, special needs services, books, supplies, room and board, uniforms, transportation, computer technology or equipment.
In which states will scholarships be available?
Scholarships will be available to residents of all 50 states and DC as long as the states opt in and provide a list of approved [...]
How are scholarships funded?
The funds are generated by donors who receive a dollar-for-dollar federal tax credit for contributions to nonprofit scholarship organizations.
The Regents claim this is just a clarification, not a new rule. Is it true that children already have no due-process rights?
No. For decades, State Review Officers and hearing officers have affirmed that parents may bring cases about failures to implement IESP services. This proposed rule [...]