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.
Eighteen 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.
Alabama (AL)
Alabama – Education Scholarship Program
Arizona (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
Florida (FL)
Florida Tax Credit Scholarship Program
Florida – Hope Scholarship Program
Georgia (GA)
Georgia – Qualified Education Expense Tax Credit
Illinois (IL)
Illinois – Invest in Kids Program
Indiana (IN)
Indiana – School Scholarship Tax Credit
Iowa (IA)
Iowa – School Tuition Organization Tax Credit
Kansas (KS)
Kansas – Tax Credit for Low Income Students Scholarship Program
Louisiana (LA)
Louisiana – Tuition Donation Rebate Program
Montana (MT)
Montana – Tax Credits for Contributions to Student Scholarship Organizations
New Hampshire (NH)
New Hampshire – Education Tax Credit Program
Nevada (NV)
Nevada – Educational Choice Scholarship Program
Oklahoma (OK)
Oklahoma Equal Opportunity Education Scholarships
Pennslyvania (PA)
Pennsylvania – Educational Improvement Tax Credit Program
Pennsylvania – Opportunity Scholarship Tax Credit Program
Rhode Island (RI)
Rhode Island – Tax Credits for Contributions to Scholarship Organizations
South Carolina (SC)
South Carolina – Educational Credit for Exceptional Needs Children
South Dakota (SD)
South Dakota – Partners in Education Tax Credit Program
Virginia (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