S. 5533: Segal AmeriCorps Education Award Tax Relief Act of 2026
This bill would change federal tax law so that AmeriCorps education awards would no longer count as taxable income for the people who receive them.
What changes
- It adds national service educational awards from AmeriCorps to the list of education-related payments that are excluded from gross income.
- It also says that any amount received under a national service educational award program would not be included in a person’s gross income for federal tax purposes.
What that means in practice
AmeriCorps participants who earn an education award for their service would generally not have to pay federal income tax on that award. In simple terms, the award would be treated more like a tax-free benefit rather than taxable pay.
When it would apply
The change would apply to taxable years ending after the date the bill is enacted. That means it would take effect for tax years after the bill becomes law, rather than being retroactive to past years.
Relevant Companies
None found
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
8 bill sponsors
Actions
2 actions
| Date | Action |
|---|---|
| Sep. 24, 2026 | Introduced in Senate |
| Sep. 24, 2026 | Read twice and referred to the Committee on Finance. |
Corporate Lobbying
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Potentially Relevant Congressional Stock Trades
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