Indiana has created the School Scholarship Tax Credit (STC) program. This program will provide a 50% tax credit for contributions made to qualified scholarship granting organizations that provide scholarships to low and middle income children to attend the private or public school of their choice. The credit will be taken on the donor’s Indiana return and will be 50% of the contribution made to the qualified scholarship granting organization. Corporate and individual taxpayers are eligible.

$2.5 million credit per fiscal year has been made available by the state. Contributions qualified for the tax credit will be allowed through a notification/application process with the Indiana Department of Revenue on a first-come first-serve basis.