Private School Tax Credit

A Private School Tax Credit allows taxpayers to receive a financial benefit—such as a reduction in their state tax liability—for contributing to a scholarship fund or organization that helps students afford private school education. Essentially, when you donate to these programs, you can claim a credit on your taxes, reducing the amount of tax you owe. This program aims to support educational choice by encouraging private donations, making private schooling more accessible for families who might otherwise struggle to afford it. The specifics, including limits and qualifying organizations, vary depending on state laws.