Frequently Asked Questions
Note: The State of Ohio Tax Credit Scholarship initiative is subject to change by the Ohio Attorney General's Office. The following information is valid as of October 21, 2023
Contributing to the Eagle Ohio Tax Credit Fund
The easiest way to contribute to the Eagle Ohio Tax Credit Fund is on our website! You can fill out our safe and secure contribution form in just minutes. You will receive an immediate electronic confirmation of your contribution for your records upon submission. You will also receive a tax receipt in the mail from the Eagle Ohio Tax Credit Fund to use when filing your 2023 State of Ohio income taxes and claiming your tax credit.
You can also print and mail a contribution form, available for download here. You must make checks payable to the "Eagle Ohio Tax Credit Fund" to claim the contribution on your 2023 taxes. Please allow 7–10 business days to receive your tax receipt by mail if writing a check.
Tax Credit Information
The information below is general in nature and is not intended to be used by anyone as tax advice. Please consult a tax professional that is aware of your personal tax situation about this credit and your potential use of it.
You will claim this credit when you file your Ohio state income tax return. The nonrefundable credit will reduce your state tax liability (the amount you owe in taxes). A nonrefundable tax credit limits your tax benefit to no more than what you owe in taxes. The amount of the tax credit you can claim equals 100% of the amount you contribute, up to $750 per taxpayer.
If you and your spouse file "Married Filing Jointly," you can receive a credit for up to $1,500 on your joint state income tax return.
Here's How it Works:
- If you owe money for the current tax year, you deduct the amount you contribute to the Eagle Ohio Tax Credit Fund from what you owe. Example: You owe $1,000 to the state, and you make a tax credit contribution of $750. You now only owe the state $250.
- If the state owes you a refund for the current tax year, your refund will increase by the amount you contribute to the Eagle Ohio Tax Credit Fund. Example: You are due a refund from the state of $500. You make a tax credit contribution of $750, and you’ve increased your refund to $1,250.
1. Review your tax liability from last year (2022 Ohio IT 1040, line 8c) to help estimate the amount of your tax liability for 2023, against which the credit can apply if desired. Please remember that the maximum credit amount is currently $750 ($1500 if "Married Filing Jointly").
2. Make your contribution online on our website. You may also complete a contribution form and mail a check. The Eagle Ohio Tax Credit Fund will send all contributors the required tax receipt after making their contribution.
3. Taxpayers claim the credit when they complete their tax return by writing in their contribution amount on the designated lines of the Ohio individual income tax return and attaching their tax receipt from the Eagle Ohio Tax Credit Fund. You will not receive the benefit of the Eagle Ohio Tax Credit Fund tax credit if you do not have a tax liability to the State of Ohio or have other Ohio tax credits that reduce your Ohio tax liability to zero.