Individuals

 

Individual taxpayers are able to redirect 50% of their Alabama state tax liability to Scholarships for Kids and receive a dollar-to-dollar tax credit in return.  The annual maximum tax credit available on an individual return is $50,000.

The Alabama Accountability Act currently establishes an annual $30 million statewide limit on the tax credits.  The credits are awarded on a first-come, first-served basis, and may be carried forward for 3 years.

 

Donate Quarterly:

Those who make quarterly tax payments can donate 50% of each quarter’s tax liability to Scholarships for Kids with no penalty, not to exceed $50,000 annually, and receive a dollar-for-dollar state tax credit.

 

LEARN MORE

Step-By-Step Guide
Tax Credit Scholarship Brochure
2019-2020 Annual Report
Scholarships for Kids Website
My Alabama Taxes Website

 

In all cases, please consult with your tax advisor.  If you have questions or need assistance making your gift, please contact Mary Claire McDougald at (205)769-0278 or mcmcdougald@csalabama.org.

 

Tax Credit Gifts for “C” Corporations

Tax Credit Gifts for Pass-Through Entities