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McMahon Urges Washington to Opt Into Education Tax Credit

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Story summary
  • Education Secretary Linda McMahon urged Washington Governor Bob Ferguson to opt into the Education Freedom Tax Credit.
  • The credit reimburses up to $1,700 per individual or $3,400 per married couple donating to approved scholarship groups.
  • States must opt in by the end of 2027 for students to receive the tax-credit benefits.
  • The Joint Committee on Taxation projects annual costs of $3 billion to $4 billion, rising to $25.9 billion by 2034.