What does Preamble of HR 7878 do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would provide an exclusion from gross income for AmeriCorps educational awards.

What does SHORT TITLE. of HR 7878 do?

This bill is formally titled the "Segal AmeriCorps Educational Award Tax Relief Act of 2026".

What does EXCLUSION FROM GROSS INCOME OF AMERICORPS EDUCATIONAL AWARDS. of HR 7878 do?

This section amends the Internal Revenue Code of 1986 to exclude national service educational awards from gross income. Specifically, it modifies Section 117(c)(2) to include a new subparagraph (D) regarding these awards. It also amends Section 108(f) to state that payments under national service educational awards are not considered gross income. The changes apply to amounts received and discharges of indebtedness in taxable years ending after the enactment of this Act.

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Segal AmeriCorps Educational Award Tax Relief Act of 2026 — HR. 7878

Last updated: 3/9/2026 · Introduced: 3/9/2026

Author: John Larson (D-CT)

TL;DR (AI)

This bill excludes AmeriCorps educational awards from being considered taxable income.
The bill applies to awards received and debt discharges in taxable years following its enactment.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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