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Tax Relief for AmeriCorps Education Awards: No Income Tax on Grants

This act means that individuals who received AmeriCorps education awards will no longer have to pay income tax on them. This will leave more money in the pockets of citizens who dedicated their time to public service, making it easier for them to repay student loans or cover educational expenses.
Key points
Segal AmeriCorps Education Awards will be excluded from gross income for tax purposes.
The exclusion also applies to the discharge of student loan debt paid with these awards.
These changes will apply to taxable years ending after the act's enactment date, providing real savings for beneficiaries.
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Additional Information
Print number: 118_HR_6759
Sponsor: Rep. Larson, John B. [D-CT-1]
Process start date: 2023-12-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Segal AmeriCorps Education Award Tax Relief Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6759.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-12-13.

What are the main provisions?

Key points include:

  • Segal AmeriCorps Education Awards will be excluded from gross income for tax purposes.
  • The exclusion also applies to the discharge of student loan debt paid with these awards.
  • These changes will apply to taxable years ending after the act's enactment date, providing real savings for beneficiaries.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Larson, John B. [D-CT-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Education Benefits