With Honor Action endorses the Segal AmeriCorps Education Award Tax Relief Act, co-led by For Country Caucus member Rep. Don Bacon (R-NE), an Air Force veteran.
“National service should open doors, not create new hurdles,” said Rye Barcott, Co-Founder and CEO of With Honor. “For more than three decades, AmeriCorps members have strengthened communities across the country, and more than a million have earned the Segal Education Award to help pay for college or repay student loans. Treating that award as taxable income undercuts the very spirit of service it was meant to honor. The Segal AmeriCorps Education Award Tax Relief Act is a bipartisan, common-sense fix, and we applaud For Country Caucus member Rep. Don Bacon and Rep. John Larson for their leadership.”
The bill would exclude AmeriCorps Education Awards from income tax, to reflect the intent of federal education awards, help those serving pay for college, and remove a barrier that may discourage young people from taking advantage of the financial assistance they’ve earned. This ensures that the AmeriCorps Education Award remains a valuable and compelling incentive for young people to serve their country and a tool for making higher education more affordable.