Federal Scholarship Tax Credit (FSTC)
The Federal Scholarship Tax Credit is a new federal program designed to expand educational opportunities for students across the country. Beginning in 2027, eligible individual taxpayers may receive a federal tax credit for qualifying cash contributions to approved Scholarship Granting Organizations. Georgia has elected to participate in the program, and Apogee is preparing to support donors and schools as additional implementation guidance becomes available.
Previously referred to by Apogee as the Federal Education Tax Credit (FETC).
What We Know
- The program is scheduled to begin January 1, 2027.
- Georgia has elected to participate in the program for 2027.
- Eligible individual taxpayers may receive a federal tax credit of up to $1,700 for qualifying cash contributions.
- Contributions must be made to an approved Scholarship Granting Organization.
- The program is designed to expand scholarship opportunities for eligible students.
Current Status
Georgia has elected to participate in the program. Apogee is preparing for implementation while awaiting additional guidance regarding the approval process for Scholarship Granting Organizations.
Looking Ahead
Apogee is developing systems and processes to support donors and schools once the program becomes available.