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Education Freedom Tax Credit: Who Qualifies and When
The U.S. Departments of Education and Treasury released new details on the Education Freedom Tax Credit, a centerpiece of President Trump’s Working Families Tax Cuts Act.
Administration officials describe it as the largest expansion of education choice to date, with the potential to steer billions of dollars toward private scholarships and education services outside traditional public school funding streams.
Unlike past education tax benefits aimed directly at families, this credit works by encouraging taxpayers to contribute to nonprofit Scholarship Granting Organizations (SGOs), which then…
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