Oklahoma Equal Opportunity Education Scholarship Credit

68 O.S. Section 2357.206

The aggregate credits for donations to an eligible scholarship-granting organization cannot exceed $3.5 million annually.  If the total credits eligible to be claimed by all individuals or businesses exceed the specified cap, the percentage allowed will be reduced.   The credit cannot reduce the tax liability of the taxpayer to less than $0, but any credits allowed but not used in any tax year may be carried over to each of the three (3) years following the year of qualification.

2016

For tax year 2016, the full amount of the statutory credit is available, which is generally 50% of the amount of contributions. The amount of credit is not to exceed $1000 for a taxpayer filing single or $2000 for a taxpayer filing jointly.

2015

For tax year 2015, the full amount of the statutory credit is available, which is generally 50% of the amount of contributions. The amount of credit is not to exceed $1000 for a taxpayer filing single or $2000 for a taxpayer filing jointly.

2014

For tax year 2014, the full amount of the statutory credit is available, which is generally 50% of the amount of contributions. The amount of credit is not to exceed $1000 for a taxpayer filing single or $2000 for a taxpayer filing jointly.

2013

For tax year 2013, the full amount of the statutory credit is available, which is generally 50% of the amount of contributions. The amount of credit is not to exceed $1000 for a taxpayer filing single or $2000 for a taxpayer filing jointly.