AFC Celebrates New Treasury Guidance on Education Freedom Tax Credit, Urges Governors to Opt-In
Dallas, TX – The American Federation for Children celebrates new guidance released by the U.S. Department of Treasury on the Education Freedom Tax Credit (EFTC), which gives every Governor in every state the clarity they need to opt in immediately.
The guidance released today made clear what families and education leaders have known since the law passed: the EFTC benefits children across educational settings – public, private, and even homeschool in some states. Treasury will also issue clear rules to prevent misspending. With 31 states already opted in or signaling intent to do so, the remaining holdout governors must act now.
The Education Freedom Tax Credit (EFTC) creates a dollar-for-dollar federal tax credit of up to $1,700 for individuals who contribute to K-12 scholarship granting organizations (SGOs), with the potential to unlock transformative new school choice funding in every state.
Statement from Tommy Schultz, CEO, American Federation for Children:
“The clock is ticking for governors who have been sitting on the sidelines. Treasury has made clear that this tax credit will have strong safeguards against misspending, that students across educational settings can receive scholarships, and that states cannot use regulatory red tape to kill this tax credit. Every family deserves access to the education that’s right for their child, and every governor who has pledged to act once the rules were clear must now do exactly that. The time to opt in is now. AFC will continue to stand with parents seeking this life-changing opportunity.”
About AFC:
The American Federation for Children is the nation’s largest school choice advocacy organization and the most successful force for education freedom in America, passing over 200 laws across 32 states throughout our history. Our affiliated Super PAC, AFC Victory Fund, is the only nationwide Super PAC focused on advancing school choice.
