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flag Indiana launches 2027 tax credit program for K-12 school donations, up to $1,700 annually.

flag Indiana will join a new federal tax credit program starting January 1, 2027, allowing residents to claim up to $1,700 annually in nonrefundable federal tax credits for donations to qualifying Scholarship Granting Organizations (SGOs) that fund K-12 student scholarships. flag Unused credits can be carried forward for up to five years. flag The state maintains its existing 50% tax credit for such donations with no limits. flag The initiative supports school choice by helping families cover educational expenses at public or private schools. flag Participating SGOs include several Indiana-based organizations. flag The program aims to expand access to quality education, particularly for lower-income families, and aligns with broader efforts to empower parents in educational decisions.

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