The State of Ohio has passed a bill that allows a tax credit for qualified donations to a certified Scholarship Granting Organization (SGO). 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 Catholic Education Foundation for the Archdiocese of Cincinnati (CEF) has been certified by Ohio as a scholarship- granting organization (SGO). Donations to the CEF-SGO can be designated to benefit a specific school(s).
Learn more at www.CatholicBestChoice.org/SGO
Please consult your tax advisor to see if this is right for you.
