The department stated that the proposal would expand educational freedom, restore parental rights, return power to states, and put American students first.
The Department of the Treasury and Internal Revenue Service (IRS) issued proposed regulations to implement the Education Freedom Tax Credit this past week. The Federal Scholarship Tax Credit under section 25F would support private contributions for K-12 scholarships.
Treasury Secretary Scott Bessent said, “The Education Freedom Tax Credit marks a new chapter in educational freedom and opportunity by establishing America’s first nationwide school choice program and empowering states to give students and families more options. Thirty states have already opted in, and we encourage all 50 states to participate so every American student and family can benefit.”
“Education freedom is the key to unlocking opportunity and success for our next generation of students,” Education Secretary Linda McMahon said. “The Education Freedom Tax Credit, the largest expansion of school choice in history, will supercharge those opportunities for millions of children.”
The Treasury Department explained, “The proposed regulations advance the Administration’s priorities of expanding educational freedom, restoring parental rights, returning power to the states, and putting American students first.“
As the Lord Leads, Pray with Us…
- For Secretary Bessent as he heads the Treasury Department’s effort to support educational freedom through the proposed regulation.
- For IRS CEO Frank Bisignano as he oversees the implementation of tax credits and other incentives.
- For Secretary McMahon as she works with other federal agencies to strengthen states’ rights in education.
Sources: Department of the Treasury
