Bill · H.R. 7878· House(119-HR-7878)
Segal AmeriCorps Educational Award Tax Relief Act of 2026
- Introduced
- 3/9/2026
- Last activity
- 3/9/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- John Larson
- Cosponsors
- - 1 - 1
- Introduced
- In Committee
What this bill would do
This bill is called the Segal AmeriCorps Educational Award Tax Relief Act of 2026. It was introduced in the House of Representatives on March 9, 2026. The bill aims to change the Internal Revenue Code of 1986. It provides an exclusion from gross income for AmeriCorps educational awards. It also excludes certain student loan debt discharges under national service educational awards from gross income. These changes apply to amounts received and discharges of indebtedness in taxable years ending after the date of enactment.
Yes· 3 of 10
Would people in their twenties and thirties be better off under this?+6
Primarily benefits young adults who participate in AmeriCorps by removing tax burdens on their educational awards and loan discharges.
Would students be better off under this?+6
Directly benefits students and recent graduates by providing tax relief on educational awards and student loan debt relief.
Does this make college cost less?+6
Excludes AmeriCorps educational awards and related student loan discharges from gross income, making higher education more affordable.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Section 2(a) excludes national service educational awards from gross income under section 117(c)(2) of the Internal Revenue Code of 1986, which is a positive outcome because individuals will not have to pay income tax on these awards.
-
Section 2(b) adds a new paragraph to section 108(f) of the Internal Revenue Code of 1986 so that gross income does not include any amount received under a national service educational award for the discharge of student loan debt, which is a positive benefit because people receiving these payments for debt discharge will not be taxed on that forgiven amount.
Potential Negative Impacts for People
- There are no specific sections or provisions within the bill that identify potential negative consequences or burdens for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Students+6Good For Young Adults+6Good For Low Income Households+5Good For Middle Class Households+3
- Education And Technology
- Improves College Affordability+6Improves Student Loan Relief+6
- Economy And Finance
- Reduces Middle Class Taxes+5Increases Job Creation+2Improves Economic Growth+1
- Social Issues And Justice
- Improves Poverty Reduction+2
- 9/28/2026
- 1 Cosponsor added.
- 3/9/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Don BaconRepublican · Nebraska
Timothy KennedyDemocrat · New York