Federal Tax Credit Scholarship Improvement Act

This bill changes the federal tax credit for donations to scholarships for elementary and secondary school students. It sets the maximum credit at $1,700 per taxpayer per year, and twice that amount for married couples filing a joint return. Starting with tax years that begin after December 31, 2026, the $1,700 limit would be adjusted each year for inflation, rounded to the nearest $50. The Treasury Secretary would have to publish the adjusted limit by November 1 of each year. The changes would apply to tax years beginning after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Cindy Hyde-Smith Republican sponsor
• 0 cosponsors