Last updated October 23, 2026
Program updates.
- Completed
Federal scholarship tax credit becomes law
The One Big Beautiful Bill Act adds Section 25F to the Internal Revenue Code, creating a federal tax credit of up to $1,700 per taxpayer for contributions to scholarship granting organizations, beginning in 2027.
- Completed
IRS and Treasury publish proposed regulations
Proposed rules (REG-117119-25) and temporary rules explain student eligibility, how SGOs must operate, how states opt in, and how the credit interacts with state credits and the charitable deduction.
Source: Federal Register - Completed
Governor Hochul announces New York will opt in
New York announced its intention to participate in the federal program. The state still has to file its formal election and submit its list of qualified SGOs to the IRS.
- Upcoming
Public comment period on the proposed rules closes
Final rules may change details. Until final regulations are issued, taxpayers and organizations may generally rely on the proposed rules.
- Upcoming
Program begins · State election deadline
Qualified contributions can begin. Participating states must have filed their election, and SGOs must be registered with the IRS.
- Upcoming
States submit lists of qualified SGOs
Each participating state gives the IRS its list of scholarship granting organizations that qualify for the year.
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We’ll let you know when New York files its election, when our organization is approved, and when contributions open.