New Mexicans Should Take Advantage of Education Tax Credits

Originally published by the Albuquerque Journal

This opinion article was co-authored by Jodi Hendricks

New Mexico has a choice to make. The state can empower New Mexico families with scholarships to send their children to schools that meet their needs, or it can allow those dollars to flow to children in other states. The right choice is clear: New Mexico’s children should come first.

Thanks to President Donald Trump and Congress, families nationwide now have access to the first-ever federal tax credit scholarship for K–12 students, created by the Working Families Tax Cuts package. These scholarships are a lifeline for students stuck in schools that aren’t working for them. Families can use them for private, charter, religious, homeschool or supplemental education services.

Under the tax credit program, every taxpayer can receive up to a $1,700 tax credit by donating the same amount to a nonprofit scholarship granting organization. This isn’t a deduction. It’s a dollar-for-dollar credit. Give $1,700, and you get $1,700 back. It’s essentially directing your tax dollars straight into scholarships for kids.

To read the full article, click here.