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IRS Issues Temporary Regulations on Federal Scholarship Tax Credit

The IRS issued temporary regulations under I.R.C. §25F addressing the new nonrefundable federal income tax credit for qualified contributions to scholarship granting organizations (SGOs) beginning in 2027. The regulations establish ...

Sources (1)+1 copy· Oct 8, 7:54 PM to Oct 8, 8:03 PM

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  1. firstBloomberg Tax News
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Internal Revenue Service issues regulations for Education Freedom Tax CreditOn Oct. 2, the Internal Revenue Service (IRS) issued regulations that determine how the Education Freedom Tax Credit (EFTC) will run and, in turn, how many states participate. The EFTC — also known as the Federal Scholarship Tax Credit (FSTC), or IRS Section 25F — will allow individuals to receive federal tax credits for donations […]