November 29, 2019

Donors can still make contributions to Indiana Tax Credit Scholarship program

Criterion staff report

The opportunity still exists for people who want to get the double bonus of helping children attend Catholic schools and maximize the tax benefits of making a contribution to that effort before the end of 2019.

Starting on July 1, the Indiana Tax Credit Scholarship program opened with an available $15 million in funds to support the effort of helping students attend a private school—an option that may not have been possible for their families without the program.

There was more than $9.6 million still available as of Nov. 20. This year’s program runs through June 30, 2020.

A Tax Credit Scholarship of at least $500 per child, given for one year, allows an eligible student to receive the state school voucher the following year and for up to 12 years of Catholic education in a Catholic school—a potential of $60,000 in state voucher assistance.

When donors make a contribution to the program, they will receive a 50 percent state tax credit—and possibly federal tax savings, depending upon an individual’s overall charitable contributions.

To learn more about giving to a scholarship granting organization or to donate securely online, visit www.i4qed.org/sgo/donors. †

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