Story perspectives

New York to opt into $1,700 scholarship tax credit

By Drooid · Oct 3, 2026, 11:03 PM UTC · How we work

Summary

Story summary

Governor Kathy Hochul announced New York will opt into the scholarship tax credit in 2027.
The credit reduces taxpayers’ liability by up to $1,700 for donations to qualifying NGOs.
Treasury and the IRS released proposed regulations on Oct. 1 to implement the program.
Teachers’ unions petitioned arguing the credit diverts public funds to private tuition for families not using public schools.

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Story summary

Governor Kathy Hochul announced New York will opt into the scholarship tax credit in 2027.
The credit reduces taxpayers’ liability by up to $1,700 for donations to qualifying NGOs.
Treasury and the IRS released proposed regulations on Oct. 1 to implement the program.
Teachers’ unions petitioned arguing the credit diverts public funds to private tuition for families not using public schools.