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Hochul smart to join the IRS education tax credit

Gov. Hochul was spot-on in having New York State join the new federal tax credit providing $3,400 a year for families for K-12 education. Passed last year as part of President Trump's very unbalanced One Big Beautiful Bill Act, the Federal Education Freedom Tax Credit is actually a good deal, helping all public school parents, as well those who have…

Sources (1)· Oct 15, 8:00 AM

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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 […]