10/02/2026
🎓 A new federal tax credit is coming in 2027—and Texas is participating!
Under proposed IRS rules, eligible taxpayers may claim a nonrefundable federal tax credit of up to $1,700—or up to $3,400 for married couples filing jointly—for qualifying cash donations to approved K–12 Scholarship Granting Organizations.
⚠️ Donating directly to a school or paying a student’s tuition does not automatically qualify. Before contributing, verify that the organization is officially approved and keep your donation records.
📲 Planning to donate in 2027? Consult with LM Taxes & Accounting Services before you contribute.