Tax-Credit Scholarship

Education Improvement Scholarships Tax Credits Program

  • Enacted:
    2012
  • Launched:
    2013
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Program Stats

  • 43%

    Students Eligible

  • 1%

    Funded Eligibility

  • 5,820

    Participating Students (2023-24) 

  • $2,141

    Average Account Value (year)

  • 13%

    Public School Funding

  • 36

    SGOs

Program Summary

This program lets individuals and businesses receive a tax credit worth 65% of the amount they donate to SGOs. Student eligibility is restricted to those whose family income is less than 300% of the FPL, or 400% of the FPL if the student has special needs. Students must be enrolled in kindergarten or first grade, have been a public school student the previous school year, be a previous scholarship recipient, or be a new resident. Pre-kindergarten students are also eligible if they meet the 300% or 400% FPL limit, are deemed “at risk” and unable to obtain early childhood services through state and federal programs, are homeless, or have a parent or guardian who did not graduate from high school. The annual program cap is $25 million. There is a $125,000 annual donation cap for individuals. 

Funding Mechanism: Private donors fund this program by donating to SGOs. They receive tax credits for their donation, up to certain limits. 

Universal Eligibility: ❌
Universal Usage: ❌
Universal Funding: ❌
Truly Universal: ❌

(Last updated December 16, 2025)

Use of Funds

Qualifying expenses include school-related tuition, instructional fees and materials, including textbooks and workbooks, and supplies used solely for school-related work.

(Last updated December 16, 2025)

Program Guidelines

View program requirements for parents, schools, and scholarship granting organizations by clicking on each hyperlink.

(Last updated December 16, 2025)

Governing Statutes

Va Code. §§ 58.1-439.25-28 

(Last updated February 22, 2023)