Treasury lays groundwork for federal school choice program with up to $3,400 tax credit for married couples

The Treasury Department laid the groundwork on Thursday for the nation’s first federal school choice program, allowing married couples to receive tax credits of up to $3,400 for donations that fund K-12 scholarships. The proposed regulations would implement the Education Freedom Tax Credit beginning Jan. 1. Individual taxpayers could receive a dollar-for-dollar, nonrefundable federal income […]

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