Federal Scholarship Tax Credit

Turn Your Tax Dollars into Scholarships for Memphis Students at Zero Cost

Federal Scholarship Tax Credit Page- Picture 2 under Federal Scholarship Tax Credit page pcicture

Turn Your Tax Dollars into Scholarships for Memphis Students at Zero Cost

Beginning January 1, 2027, a new federal policy allows individuals to redirect a portion of their federal taxes to fund scholarships for students through approved Scholarship Granting Organizations like MOST.

This is one of the most significant new opportunities to support education in Memphis at no additional cost to you, while keeping your tax dollars invested locally to benefit Memphis students instead of sending them to the federal government.

Do you want to help improve education in America and lower your federal taxes?

What Is the Federal Scholarship Tax Credit?
The Federal Scholarship Tax Credit allows individuals to receive a dollar-for-dollar federal tax credit up to $1,700 per year when they contribute to an approved Scholarship Granting Organization (SGO) like MOST. Those funds are then used to provide
private school scholarships for K -12th grade
students.
What is the difference between a Tax Credit and a Tax Deduction?

Tax Deduction

  • Reduces your taxable income

  • You only get back a portion of what you give 

  •  

Tax Credit

  • Reduces your taxes dollar for dollar
  • You get back 100 percent of your contribution
Why This Is “No Cost” to You?

Most households earning $75k+ already pay at least $1,700 in federal income taxes annually.

This creates a simple choice:
Send that $1,700 to the federal government or redirect that same $1,700 to provide scholarships for Memphis students

Because you already owe these taxes, this is not an additional expense. It is simply choosing where your tax dollars go.

You also have the ability to designate which private school, from MOST’s 42 partner schools, you would like your contribution to support through scholarships.