Governor Henry McMaster is directing the state Department of Revenue to accept applications from scholarship organizations interested in participating in a new federal education tax credit program for 2027.
Authorized by the One Big Beautiful Bill Act, the program provides a federal tax credit for eligible contributions to scholarship granting organizations. Eligible nonprofit scholarship organizations can apply through the Dept. of Revenue website.
U.S. Dept. of Education Facebook Page
Beginning January first, individuals may receive a federal tax credit of up to $1,700 for qualified cash contributions to these organizations; $3,400 for married couples filing jointly.
The organizations use those contributions to provide scholarships for education-related expenses, including tuition, tutoring, fees and school supplies.
Scholarship granting organizations interested in participating may apply by emailing SGOapplication@dor.sc.gov.
More information about the Education Freedom Tax Credit Program is available in the U.S. Department of Education's fact sheet.
