Secure Virginia Credit
Tax Credits
Support K-12 students in need attending private schools in Virginia.
Contact TCFHR to obtain a Preauthorization Form
Use the contact button to start your tax credit process.
Secure Virginia Credit
What To Know
Virginia Tax Credit Information
We are an approved scholarship foundation for the Virginia Department of Education. We are authorized to accept donations for the state’s Education Improvement Scholarships Tax Credit Program (EISTCP). Gifts to this program provide scholarships for qualified, low-income students at non-public PK-12 schools in Virginia.
Individual or business donors receive a state tax credit equal to 65 percent of the donation.
For individuals, the minimum donation is $500. The maximum donation for individuals and married couples is $125,000. There is no minimum or maximum limit for any business entity. Individuals can use the tax credits against their Virginia personal income tax liability. Businesses can claim the tax credits against:
- Virginia Corporate Income Taxes
- Virginia Bank Franchise Tax
- Virginia Insurance Premiums License Tax
- Virginia Public Service Corporations Tax
- Personal Income Taxes via pass-through entities such as S-Corporations, LLCs and Partnerships.
The amount of the tax credits may not exceed a donor’s tax liability for the year in which the credit is claimed, but tax credits may be carried over for up to five succeeding years.
Schools We Work With
Donations through this program are used to provide scholarships for eligible students at approved non-public PK-12 schools. Students must apply to their school for scholarship funds. TCFHR does not limit scholarships to students of one school and donors may not designate funds for a specific student.
Current qualified schools are:
VA Tax Credit Process
Securing Virginia Tax Credits Is Easy. We’ll Guide You Through The Process.
Before applying for tax credits, please contact us so we can help you adhere to state guidelines for this program. We will also work with your financial advisor.
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