Don't Delay - School Scholarship Tax Credits (SSTC) Are Available
The School Scholarship Tax Credit (SSTC) allows Indiana residents and corporations to claim up to a 50 percent tax credit for contributions to approved scholarship-granting organizations (SGOs), nonprofits that provide private scholarships to schools, including Scecina Memorial High School.
The clock is always ticking on the SSTC: Each year, the state limit on the amount of available tax credits for fiscal year is reached earlier. Last year, the $9.5 million available for 2016-17 ran out on Dec. 19, 2016, and the fiscal year ends June 30 each year.
The program is now open and $12.5 million in tax credits are available. There are no guarantees the credits will be available until June 30, 2018. Because of the tremendous tax deduction advantage, many more individuals are taking advantage of this opportunity much earlier in the year (July through December).
For more information, please contact Jim McGuinness '68, Scecina’s director of Development and Alumni Relations, at firstname.lastname@example.org or 317.352.3227, or visit www.scecina.org/sstc.
If you would like to donate directly to the program, you can do so here: Institute for Quality Education
Posted on Tue, July 11, 2017
by Rose Timpe filed under