Tag: IRS

  • IRS requests comments on implementing the U.S. school choice tax credit scholarship

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    On Nov. 26, the Internal Revenue Service (IRS), a bureau of the U.S. Treasury, issued a notice requesting comments regarding the implementation of the U.S. school choice tax credit scholarship (USTCS) program. The 2025 budget reconciliation bill, called the One Big Beautiful Bill Act (OBBBA), established the program when President Donald Trump (R) signed the…