U.S. FEDRegulation
IRS issues temporary rules for federal scholarship tax credit for 2027 and later
Treasury and the IRS issued temporary regulations (T.D. 10057, 91 FR 62655) under Internal Revenue Code section 25F for the nonrefundable federal tax credit for contributions to scholarship granting organizations made in 2027 and later. Participating states must submit annual lists of certified organizations, and those organizations must register with the IRS, keep segregated section 25F accounts, acknowledge donors by Jan. 31 and report contributions by Feb. 28.
Key points
- The credit funds qualified elementary and secondary education scholarships.Federal Register
- The regulations cover state elections to participate in the federal credit program.Federal Register
- They also cover certification of organizations as scholarship granting organizations.Federal Register
- The temporary regulations take effect Dec. 1, 2026, and were published Oct. 2, 2026, as T.D. 10057 at 91 FR 62655.Federal Register
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Federal Register