New for 2027!

A dollar-for-dollar federal income tax credit for taxpayers who make a donation to Scholarship Granting Organizations (SGOs), like Pay it Forward Scholarships.

Donations will provide scholarships for K-12 education expenses.

Limits by Tax Filing Status:

• $1,700 - Individual

• $3,400 - Married Couple, filing jointly

• Corporations are not eligible to participate.

EdChoice article: The Federal Tax Credit Rules Are Here: Here’s What We Know

US Department of the Treasury: Federal Tax Credit for Scholarship Regulations