Ep. 101 The Education Freedom Tax Credit: A New Opportunity to Expand Educational Access with John Kirtley and Kimberlee Riley (Part 1):

What if a new federal tax credit could help millions of students access educational opportunities while giving taxpayers a way to make a meaningful difference in their communities? In this episode of Money to Give, Rick Peck sits down with John Kirtley and Kimberlee Riley for the first of a two-part conversation about the Education Freedom Tax Credit (EFTC), a new federal initiative designed to expand educational opportunities for K–12 students across the country. John shares how decades of educational choice initiatives in Florida have helped families access learning environments and resources that better meet their children's individual needs. From specialized magnet schools and tutoring to enrichment programs and educational scholarships, the conversation explores how greater flexibility and access to resources can help students reach their full potential. Throughout the episode, John, Kimberlee, and Rick unpack how the Education Freedom Tax Credit works and why it represents a new opportunity for donors, taxpayers, and philanthropic advisors. Beginning January 1, 2027, eligible taxpayers can receive a federal tax credit of up to $1,700 annually for qualifying cash contributions to approved scholarship-granting organizations. Unlike a traditional charitable deduction, which reduces taxable income, this credit reduces federal income tax liability dollar for dollar, subject to applicable requirements. Kimberlee explains why understanding this distinction is especially important for financial advisors and how the credit could help clients support educational opportunities without redirecting their existing charitable giving. The discussion also addresses state participation requirements, the importance of community-based impact, and how organizations such as Step Up For Students and the AFC Scholarship Fund are preparing to connect eligible students with additional educational resources. Whether you are a donor, financial advisor, nonprofit professional, educator, or someone passionate about creating opportunities for the next generation, this episode offers a timely introduction to a new approach to educational philanthropy. John and Kimberlee emphasize that even relatively modest individual contributions, when combined across communities, have the potential to make a meaningful difference for students who need additional support. More importantly, their conversation highlights how thoughtful financial planning, greater awareness, and collaboration can help expand access to education and create lasting opportunities for children and families. Join Rick for Part 1 of this important discussion, and stay tuned for Part 2 as they continue exploring the opportunities and practical considerations surrounding the Education Freedom Tax Credit. Contact Rick Peck: Website: https://www.thephilanthropyguy.com Email: [email protected] Book A Call: Rick Peck's Calendar Sign Up For Charitable Giving Newsletter: Charitable Giving Newsletter LinkedIn: Richard Peck Contact John Kirtley and Kimberlee Riley: Step Up Step Further (Florida): stepupstepfurther.org AFC Scholarship Fund (Nationwide): afcscholarshipfund.org Step Up For Students: stepupforstudents.org Kimberlee Riley Email: [email protected] LinkedIn: Kimberlee Riley LinkedIn: John F. Kirtley