Tax Relief for AmeriCorps Awards
Official: Segal AmeriCorps Educational Award Tax Relief Act of 2026
IntroducedMarch 9, 2026
Why This Matters
This bill helps people who receive educational awards from AmeriCorps by making those awards tax-free. It also ensures that related student loan forgiveness is not taxed, making it easier for individuals to benefit from their service.
If you serve in AmeriCorps, you won't have to pay taxes on your educational awards.
Affects: This bill affects AmeriCorps members who receive educational awards and have student loans.
What changes is this bill making?
1. This bill excludes AmeriCorps educational awards from taxable income. 2. It allows individuals to receive these awards without paying taxes on them. 3. The bill also excludes certain student loan debt discharges related to these awards from taxable income. 4. These changes apply to awards received and debts discharged after the bill is enacted.
Who is affected?
This bill affects AmeriCorps members who receive educational awards and have student loans.