education tax credit

Education tax credits grew increasingly popular in 2021, with four more states enacting programs.  There are now 28 tax-credit scholarship (TCS) programs in 23 states, and they serve more than 325,000 students, according to a new study published by Pioneer Institute.

Tax-credit scholarship (TCS) policies create an incentive for taxpayers to contribute to nonprofit scholarship organizations that aid families with tuition and, in some states, other K–12 educational expenses. This paper explores the central design features of TCS policies—such as eligibility, the tax credit value, credit caps, and academic accountability provisions—and outlines the different approaches taken by the TCS policies in each state. The paper also offers suggestions regarding each feature for policymakers who want to design a TCS policy that most likely to succeed at its central purpose: empowering families to provide their children with the education that works best for them.

A Review of the Rhode Island Program and Assessment of Possibilities in Massachusetts Author(s): Matthew P. Steinberg — Publication date: 2010-10-19 Category: Education Abstract: In 2007, Pioneer Institute offered groundbreaking, first-in-the-nation research on the expansion of educational opportunities for low-income students via...