US Treasury Proposes Education Freedom Tax Credit Regulations

How To Maximize Scholarship Donations Through the State and Federal Tax Credit Programs. Scott Schumacher offers insights in this interview with the Bott Radio Network. https://lnkd.in/e-sKue8A

📚 Did you know eligible tuition fees may help reduce the income tax you owe potentially bringing your tax payable down to zero? 🎓💰 If you don't need your full current-year federal tuition amount, you may be able to transfer part of the unused amount to an eligible family member, subject to applicable limits and conditions. 👉 Amounts you don't use or transfer may generally be carried forward to a future year. Be sure to report your eligible tuition when filing your tax return and keep your T2202 or other applicable official tuition certificate for your records. 💡 Québec residents: Provincial tuition tax credit and transfer rules differ from the federal rules, so it's important to consider both when filing. #TuitionTaxCredit #Students #StudentTaxes #CanadianTaxes #TaxTips #TaxCredits #UniversityStudents #CollegeStudents #TradeSchool #TaxPlanning

Your company may be able to multiply your impact. In addition to Indiana’s SGO tax credit, some employers match charitable contributions. Check your company’s matching-gift policy or encourage employees to explore this opportunity.

How the Education Freedom Tax Credit works: from January 1, 2027, eligible taxpayers contribute up to $1,700 to a Scholarship Granting Organization like ACE Scholarships and get a dollar-for-dollar federal tax credit. Dr. Keri Ingraham explains on Newsmax 2. Learn more: https://lnkd.in/gaavRBmM

Over 60% of major gifts in 2025 involved no formal proposal at first contact. They came from warm networks, peer credibility, and repeated exposure.(Source: Indiana University Lilly Family School of Philanthropy)

If done carefully, saving for your child's education can allow for additional tax efficiency and boost your legacy transfer strategies. We share some options and ideas to consider. For more, talk with a local Wealth Advisor: https://lnkd.in/giy-wBcW

Why pursue an M.A. in Philanthropic Studies? Gain a deeper understanding of the “why” behind philanthropy, build meaningful connections, and grow as a leader—on campus, online, or both. Learn more: https://lnkd.in/g2cZ_nb2

What is a federal tax credit AND how does it work? 🤔 Let’s break it down. ⬇️ A federal tax credit directly reduces the amount of federal income tax you owe — dollar for dollar. That means it’s not just a deduction… it’s a full credit applied to your tax liability. When you contribute to a qualified Scholarship Granting Organization (SGO) or Student Scholarship Organization (SSO), you may be eligible to receive a 100% non-refundable federal tax credit for your contribution. That means: • You support student scholarships 📚 • You may reduce your federal tax liability 💰 • You can combine this with eligible state tax credits for even greater impact Same mission. Expanded impact. More students served. 💡 Stay tuned for contribution limits and how to participate. #FederalTaxCredit #SchoolChoice #EducationFreedom #StudentScholarships #TaxSmartGiving

Treasury has released proposed rules for the new Federal Scholarship Tax Credit, launching Jan. 1, 2027. What does it mean for states, families, and schools? Our latest analysis breaks down the key provisions, deadlines, and implementation considerations. ⬇️ https://lnkd.in/dk8RppAN