|What is Tax Credit?|
What is the extra-curricular Tax Credit that benefits public schools?
Currently, individuals may contribute to a school to help fund extra-curricular activities and character education programs. For a married couple filing jointly, the maximum is $400 and for an individual it is $200. Assuming that one owes the state some amount of income tax, this contribution is a direct reduction (tax credit) to the amount owed and increases dollar-for-dollar your refund from the state.