What is a Tax-Credit Scholarship?
What is a Tax-Credit Scholarship?
Tax-credit scholarships allow taxpayers to receive full or partial tax credits when they donate to nonprofits that provide private school scholarships. Eligible taxpayers can include both individuals and businesses. In some states, scholarship-giving nonprofits also provide innovation grants to public schools and/or transportation assistance to students choosing alternative public schools.
Watch the short, animated video below to see how tax-credit scholarships work for families.
Seventeen states have tax-credit scholarship programs.
Check out the list below for quick links to those program details, which include family eligibility tests, participation numbers, funding amounts and more.
AL
Alabama – Education Scholarship Program
AZ
Arizona – Original Individual Income Tax Credit Scholarship Program
Arizona – Low-Income Corporate Income Tax Credit Scholarship Program
Arizona – Lexie’s Law for Disabled and Displaced Students Tax Credit Scholarship Program
Arizona – “Switcher” Individual Income Tax Credit Scholarship Program
FL
Florida Tax Credit Scholarship Program
GA
Georgia – Qualified Education Expense Tax Credit
IA
Iowa – School Tuition Organization Tax Credit
IN
Indiana – School Scholarship Tax Credit
KS
Kansas – Tax Credit for Low Income Students Scholarship Program
LA
Louisiana – Tuition Donation Rebate Program
MT
Montana – Tax Credits for Contributions to Student Scholarship Organizations
NH
New Hampshire – Education Tax Credit Program
NV
Nevada – Educational Choice Scholarship Program
OK
Oklahoma Equal Opportunity Education Scholarships
PA
Pennsylvania – Educational Improvement Tax Credit Program
Pennsylvania – Opportunity Scholarship Tax Credit Program
RI
Rhode Island – Tax Credits for Contributions to Scholarship Organizations
SC
South Carolina – Educational Credit for Exceptional Needs Children
SD
South Dakota – Partners in Education Tax Credit Program
VA
Virginia – Education Improvement Scholarships Tax Credits Program
Tax-Credit Scholarship Fast Facts
Do you know how many kids across the country are using tax-credit scholarship programs? Which state has the biggest tax-credit scholarship program? For more little-known truths about these programs, visit our Tax-Credit Scholarship fast facts.
TAX-CREDIT SCHOLARSHIP FAST FACTS
To compare and contrast data from all of the states’ tax-credit scholarship programs, visit our School Choice in America Dashboard.