United StatesAmeriCorps recipients would exclude covered awards from taxable income
AmeriCorps award recipients would leave covered education awards and program payments out of their gross income for taxable years ending after enactment.
What it does
People receiving national service education awards under the AmeriCorps program would leave those awards out of their gross income for federal tax purposes.
Individuals would also leave amounts received under those national service award programs out of their gross income.
Argument forRecipients could keep more of the value of covered awards and program payments because those amounts would be left out of their taxable income.
Argument againstThe exclusions could reduce federal tax revenue because recipients would leave covered awards and program payments out of their taxable income.
More detail
The proposal would exclude covered national service education awards from gross income. This applies to national service education awards under the named federal program. The award must be under subtitle D of title I of the National and Community Service Act of 1990. This would apply to taxable years ending after the Act’s enactment.
The proposal would exclude amounts received under national service education award programs from gross income. It covers amounts received under awards authorized by subtitle D of title I of the National and Community Service Act of 1990. The exclusion applies to an individual receiving an amount under the named award program. This would apply to taxable years ending after the Act’s enactment.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 24Introduced in SenateLatest
- Sep 24Read twice and referred to the Committee on Finance.Introduced
Taxes & BudgetEducation