The federal tax credit as a boon for public schools?
A new federal tax credit allows individuals to donate to scholarship granting organizations and receive a full tax refund. While intended to subsidize private school tuition, the program's impact on public school funding remains a subject of debate.
Starting in January, Americans can “donate” $1,700 to a “scholarship granting organization” (or SGO) and get every penny back on their federal taxes. The program, created in last year’s reconciliation bill, was sold as a way to subsidize private school tuition. But because school vouchers like these are strikingly unpopular with the public, supporters have […]
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