EFTC Donor Tax Credit
Estimate the federal tax credit for a contribution to an approved Scholarship Granting Organization, and see your net out-of-pocket cost.
Estimate Your Credit
Estimate only. This is not tax advice, consult a tax professional. The $1,700 per return cap, the possible $3,400 for married couples filing jointly ($1,700 per taxpayer), and related details reflect a current reading of the law and are pending final Treasury regulations, so they may change.
How the Credit Works
Nonrefundable
The credit reduces your federal tax to zero but not below, so it does not produce a refund.
5-Year Carryforward
If your credit is larger than this year's tax, the unused amount carries forward for up to 5 years.
Cash Gifts to an Approved SGO
Gifts must be cash contributions to an approved Scholarship Granting Organization, not stock or property.
Starts January 1, 2027
Qualifying contributions begin January 1, 2027.
No Double Benefit
You cannot also claim a federal charitable deduction for the same gift.
Per Taxpayer, Pending
The $1,700 cap is per tax return today. The law's apparent intent is $1,700 per taxpayer, which would let married couples filing jointly claim up to $3,400. Treasury has not confirmed this, so it may change.
Ready to Make a Difference?
Partner with our Scholarship Granting Organization to turn your contribution into scholarships for families at participating schools.