Indianapolis, Indiana – For Indiana families trying to keep up with the rising costs of education, help could soon come from an unexpected place: a new federal tax incentive designed to bring more private donations into student scholarship programs.
The opportunity does not officially begin until 2027. But Indiana Governor Mike Braun is already pushing organizations across the state to prepare, hoping to turn the new federal benefit into additional financial support for Hoosier students.
Braun is encouraging existing and prospective Scholarship Granting Organizations (SGOs) to apply for state approval ahead of the program’s launch. The initiative will allow taxpayers who contribute to approved organizations to claim federal tax credits while helping fund educational scholarships for eligible students…