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Board of Education
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Tax Credit Donation Information
WHAT IS THE OKLAHOMA PUBLIC SCHOOL INCOME TAX CREDIT PROGRAM?
This tax credit program allows individuals and/or businesses to make donations to a public school and receive an Oklahoma state income tax credit. Donors may choose which eligible entity to support and designate funds for a program that is of mutual interest to the donor and the public school.
A single person can donate up to $ 1,000 per year and receive a tax credit of 50% of the donation. If the donated amount is pledged for two years, a 75% tax credit is available for both years. A family can donate up to $2000 annually and receive the same tax credit explained above. A business can donate up to $100,000 annually or pledge for two years and receive a 75% tax credit for both years.
Washington Public School Board Policy CDCC outlines the administration of the Tax Credit program.
Please contact Chris Reynolds (creynolds@wps-isd.com), Superintendent, for more information on Tax Credit Donations or visit Catalyst Ed Fund.
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