The Tax Credit
A new way to fund local education, at no net cost to you.
The Federal Scholarship Tax Credit lets taxpayers redirect part of what they already owe the IRS to a scholarship granting organization. Colorado has opted in, so Denver families can choose to keep those dollars close to home.
Without the credit
You owe $1,700 in taxes.
It goes to the federal government.
With the credit
You give $1,700 to DNEF.
Your tax bill drops by $1,700, and students at East, Morey and McAuliffe get scholarships.
Timeline
2025
Law passed
Congress creates the Federal Scholarship Tax Credit (Section 25F).
Sept 2026
DNEF formed
Incorporated in Colorado and issued an EIN.
Fall 2026
Guidance released
Federal and Colorado rules for scholarship organizations published.
Pending
501(c)(3) approval
Our application is with the IRS.
Jan 1, 2027
Credit opens
Gifts made in 2027 can be claimed on 2027 taxes.
Common questions
This page is a general summary and not tax advice. Final rules may change details.
Keep our neighborhood's dollars local.
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