U.S. Treasury Department Previews Forthcoming Treasury and IRS Guidance for Implementation of New Federal Scholarship Tax Credit Program

(File Photo: Source for Photo: FILE – A sign outside the Internal Revenue Service building in Washington, on May 4, 2021.
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Noah Haswell, Beaver County Radio News

(Washington, D.C.) The U.S. Department of the Treasury convened education leaders, scholarship granting organizations (SGOs), and other stakeholders Tuesday to discuss the new federal scholarship tax credit program. 

Officials said the program, which is set to take effect in 2027, is intended to expand educational access for students and families nationwide. 

During the meeting, Treasury officials provided an overview of forthcoming Treasury Department and IRS guidance on implementation of the program. The guidance is expected to address outstanding questions and help SGOs and states prepare for the program’s launch.