If you are ready to apply for the 2020 Qualified Education Expense Tax Credit you can submit your request at the same time as your scholarship application. Please complete the tax credit part of the application only once, even if you have multiple children and you complete multiple scholarship applications.
Signing up to donate doesn't obligate you to give, but it reserves the tax credit for you in January 2021. Once you are approved in January 2021, you will have 60 days to decide if you want to participate and at what amount, and then donate your tax credit.
We estimate that approval amounts for 2021 will be approx. 80-90% of the amount requested.
The maximum tax credit amounts are:
Individuals $1,000, - Married filing Jointly $2,500, - Business Owners $10,000 per Owner