Introduction The One Big Beautiful Bill Act (Act) establishes a new federal tax credit for individual donations to Scholarship Granting Organizations (SGOs) serving U.S. elementary and secondary school students....more
7/18/2025
/ 501(c)(3) ,
Compliance ,
Donations ,
Educational Institutions ,
Internal Revenue Code (IRC) ,
One Big Beautiful Bill Act ,
Scholarships ,
State Taxes ,
Tax Credits ,
Tax Legislation ,
Tax Returns
On January 21, 2025, President Trump issued Executive Order 14173: Ending Illegal Discrimination and Restoring Merit-Based Opportunities (“EO 14173”). EO 14173 aims to eliminate Diversity, Equity, and Inclusion (“DEI”) and...more
President Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4, 2025. The OBBBA will have broad and important consequences for many US taxpayers, including tax exempt organizations and educational...more
7/17/2025
/ Colleges ,
Educational Institutions ,
Excise Tax ,
New Legislation ,
One Big Beautiful Bill Act ,
Private Schools ,
Students ,
Tax Exempt Entities ,
Tax Legislation ,
Tax Reform ,
Taxation