New York joins more than 30 states that have opted into the first nationwide program of its kind, which the administration says restores parental rights and expands educational freedom. Some estimates suggest the provision for couples to claim the full credit increases the potential donation pool by $75.1 billion. While Treasury claims the move empowers families, the rules have faced criticism from Democratic tax writers and Governor Hochul's decision risks backlash from teachers unions shortly before elections.
Tuesday, October 20, 2026
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Hochul Opts New York Into First Federal School Choice Program
US Politics11 days ago
Governor Kathy Hochul announced on Friday that the residents of New York can soon lower their federal tax liabilities by donating to private K-12 scholarship organizations. Under regulations from the Treasury and the IRS, individuals may claim an annual credit of up to $1,700, while married couples filing jointly can claim up to $3,400. The Education Freedom Tax Credit launches on January 1, 2027, and allows taxpayers to direct funds to approved nonprofits that grant scholarships for qualified educational expenses.
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