Understanding the New Federal Tax Credit for K–12 Scholarships: Will California Opt In?
Understanding the New Federal Tax Credit for K–12 Scholarships: Will California Opt In?
Last year, the federal government passed a law that created a tax credit for contributions to Scholarship Granting Organizations (SGOs). SGOs are nonprofits that fund student educational opportunities through scholarships. If California opts in, students in the state would benefit from expanded scholarship programs, all without needing to spend any state or local government dollars.