Bill · S. 5533· Senate(119-S-5533)
Segal AmeriCorps Education Award Tax Relief Act of 2026
- Introduced
- 9/24/2026
- Last activity
- 9/24/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Michael Bennet
- Cosponsors
- - 3 - 4
- Introduced
- In Committee
What this bill would do
This bill is called the Segal AmeriCorps Education Award Tax Relief Act of 2026. It was introduced in the Senate to change the Internal Revenue Code of 1986. The main goal is to exclude AmeriCorps educational awards from a person's gross income. It also excludes the discharge of certain student loan debt under national service educational award programs from gross income. These changes apply to taxable years ending after the date the Act is enacted.
Yes· 3 of 6
Does this reduce what student borrowers owe or repay?+5
The bill excludes the discharge of certain student loan debt under national service educational award programs from gross income.
Would students be better off under this?+4
Students and national service participants benefit from tax relief on educational awards and student loan debt discharge.
Would people in their twenties and thirties be better off under this?+3
Young adults participating in AmeriCorps benefit directly from the exclusion of educational awards and student loan discharges from income taxes.
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) of the Internal Revenue Code. This is a positive outcome because individuals who earn these awards will not have to pay federal income tax on them, letting them keep more of their hard-earned benefits for education.
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Section 2(b) excludes payments under national service educational award programs from gross income when dealing with the discharge of student loan debt under section 108 of the Internal Revenue Code. This helps everyday people by ensuring they are not hit with a surprise tax bill when their student loans are paid off through their national service.
Potential Negative Impacts for People
- The provided text does not contain any specific sections or provisions that outline 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+4Good For Young Adults+3Good For Low Income Households+2Good For Middle Class Households+2
- Education And Technology
- Improves Student Loan Relief+5
- Economy And Finance
- Reduces Middle Class Taxes+3
- 9/29/2026
- 2 Cosponsors added.
- 9/24/2026
- Read twice and referred to the Committee on Finance.
- 5 Cosponsors added.
- Introduced in Senate
Susan CollinsRepublican · Maine
Shelley CapitoRepublican · West Virginia
Bill CassidyRepublican · Louisiana
Christopher CoonsDemocrat · Delaware
Catherine Cortez MastoDemocrat · Nevada
Andy KimDemocrat · New Jersey
Roger WickerRepublican · Mississippi