Tax Credit Scholarships help provide Catholic education

The Tax Credit Scholarship program allows Oklahomans to use their financial gifts to help students in the archdiocese while receiving an Oklahoma state income tax credit. A state tax credit directly reduces the donor’s tax bill, dollar for dollar. 

The Oklahoma Equal Opportunity Education Scholarship Act allows those who give to the Tax Credit Scholarship program to receive a portion of their gift back in state income tax credits. These credits are based on tax filing status and make giving to the Tax Credit Scholarship program the most tax advantageous way to give.

Pledges for two-consecutive years are eligible to receive a 75 percent tax credit. One-time gifts are eligible for a 50 percent tax credit. Gifts for the 2020 tax year must be received by Dec. 31.

Scholarships from this program help families who want their kids to receive a Catholic education. By raising enrollment, Catholic schools become more financially stable and can continue to provide high quality education to the communities. With more than 34 percent of students receiving financial aid, these scholarships are lifelines. To make the difference for a student in a Catholic school visit www.tcsok.org.