WebDonors to the program receive a 75% Iowa state income tax credit (Effective for tax year 2024, as revised by Iowa legislature) This is the largest state income tax credit available … WebThe School Tuition Organization (STO) allows for Iowa residents or corporations to make donations to the STO that qualify for a 65% tax credit with the State of Iowa plus you …
School Tuition Organization Tax Credit - Iowa
WebOur Faith STO: 1229 Mt. Loretta Ave, Dubuque, IA 52003 • Tax credits are awarded on a first come, first served basis. • Contributions must be postmarked by 12/31/22 to be eligible for a 2024 tax credit. • In the event the tax credit limit has been reached when this gift is received, your gift will be promptly returned. Web29 mrt. 2024 · Iowa Enacts Substantial Changes To State’s Research Credit. Iowa Governor Kim Reynolds on March 1, 2024, signed House File 2317 (HF 2317) into law. In addition to lowering individual and corporate tax rates, the new law contains revenue-raising measures that significantly modify existing tax credits, most notably the state’s research ... chipotle chesterfield mo
School choice: STO, tax credits raised in Iowa
Webtuition grants to Iowa families. The grants are used to attend one of the schools in the STO. Isaac Newton hristian Academy is part of the Heart of Iowa STO. 1. ontribute to the Heart of Iowa STO and desig-nate Isaac Newton hristian Academy for your gift. 2. Receive a 65% tax credit off your final Iowa state income tax bill. 3. Web11 jan. 2024 · Launched 2006 Iowa offers tax credits to donors supporting school tuition organizations (STOs), nonprofits that provide private school scholarships to students in need. The program helps Iowa students from low- and middle-income households afford the schooling options that best fit their needs. WebThe Iowa tax credit for donations to the STO is equal to 75% of the donation. A portion of the contribution is also eligible for a federal tax deduction when the donor itemizes on … grant thornton reading office parking