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

This section excludes from gross income national service educational awards (i.e., AmeriCorps Segal Education Awards) received under subtitle D of title I of the National and Community Service Act of 1990 (which participants may use for postsecondary tuition and fees or qualified student loan repayment). Specifically, it (1) adds such awards to the list of qualified scholarships and fellowship amounts excluded from income, and (2) excludes from income any amount received under such awards applied toward discharge of student loan indebtedness, for taxable years ending after enactment.