Ohio taxpayers who donate to SGOs may be able to claim a dollar-for-dollar, non-refundable* tax credit on their state income tax return for up to $750 per donor (up to $1,500 if married and filing jointly). (See section 5747.73 of the Ohio Revised Code.)
* The portion of an SGO donation that exceeds the tax liability is not refundable.
Please note: According to a representative from the Ohio Department of Taxation, if you file a married joint return, each taxpayer needs to make their own $750 contribution to claim the maximum tax credit of $1,500.
Why is this important?
A tax credit is often more beneficial to taxpayers than a tax deduction.
How can I make my contribution?
Go to the Catholic Education Foundation website and make your donation, or download the form here. Please remember to select St. Bernard School.
To claim the "Ohio Scholarship Donation Credit" on your 2024 Ohio Income Tax Return, your SGO contribution must be postmarked by or submitted online by the unextended filing deadline (April 15, 2025). Of course, the same contribution cannot be used to claim the credit in two tax years.
Please consult your tax advisor for questions pertaining to your personal situation.