A proposed $50 million bill that is expected to be introduced to the Idaho Legislature this session would give up to $5,000 in tax breaks to families who send their students to private schools.
Details of the Parental Choice Tax Credit program were announced Friday by Sen. Lori Den Hartog, R-Meridian and co-chairs of the Legislature’s Joint Finance-Appropriations Committee, Sen. Scott Grow, R-Eagle and Rep. Wendy Horman, Rep. R-Idaho Falls.
The bill would create a refundable tax credit to cover private school tuition and fees, tutoring and transportation, according to a Friday news release.
Thousands of Oklahoma families have applied for the new private school tax credit program, but it turns out the majority of those applications are for households earning more than $150,000 a year.
The Parental Choice Tax Credit offers Oklahoma families a refundable tax credit of $5,000 to $7,500 for private school tuition and fees. If you will pay, or expect to pay,
Learn about the most recent financial assistance available in Oklahoma to carers under the Caring for Carers Act. Find out how qualified individuals can claim up to $3,000 in tax credits to offset various costs associated with providing care. Examine how standard deductions and tax rates will be affected, offering more financial assistance in the face of inflation and economic hardship.
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