INDIANA — A new analysis released by the American Federation for Children (AFC) reveals that 51.7 million children across the United States could benefit from the upcoming federal Education Freedom Tax Credit program. The nationwide initiative is officially scheduled to launch for the 2027–2028 academic year, with federal tax credits becoming available for contributions made starting January 1, 2027. How the Tax Credit WorksUnlike traditional federal grants or vouchers, the Education Freedom Tax Credit relies on voluntary private donations rather than direct federal taxpayer spending:Individual Incentives: Individual donors and taxpayers can contribute cash to state-approved, non-profit Scholarship Granting Organizations (SGOs) and claim a dollar-for-dollar nonrefundable federal tax credit of up to $1,700 per year . Individual donors and taxpayers can contribute cash to state-approved, non-profit and claim a dollar-for-dollar nonrefundable federal tax credit of up to . Indiana already operates robust state-level programs, including the Indiana Choice Scholarship (voucher) program and a 50% state tax credit for SGO donations.