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CPA Practice Advisor · Dec 22, 2025

IRS: States Can Make an Advanced Election to Participate in New Scholarship Tax Credit

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 IRS: States Can Make an Advanced Election to Participate in New Scholarship T.... Review and take action if applicable to your clients.

Summary

This new credit, established under the One Big Beautiful Bill Act, is for contributions to scholarship granting organizations that serve elementary and secondary school students from low- and middle-income families.

Classification

Category: heads upPriority: action neededReason: Contains 'big beautiful bill' - action may be required

Affected Groups

All tax practitioners

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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