Segal AmeriCorps Education Award Tax Relief Act of 2023

HR 6759 makes AmeriCorps education awards tax-free for recipients. The bill amends the Internal Revenue Code to exclude these awards from taxable income under sections 117(c) and 108(f), meaning members who earn education awards through AmeriCorps will not pay federal income tax on them or on student loans forgiven through the program. This directly affects AmeriCorps members who receive education awards under the National and Community Service Act of 1990. The tax exclusion applies to taxable years beginning after the bill's enactment date.