1. Virginia Education Improvement Scholarships Tax Credits Program
Liberty Christian Academy Scholarship Foundation

3. What’s In It For You Tax credit Donation amounts Donation type
65% Virginia Tax credit
Federal and State deductible as charitable donation
Unused credit can be carried over up to 5 years
Donation amounts
Individuals
$500 minimum initial donation
$125,000 maximum
Businesses – No limitations
Donation type
Cash, check, credit card, marketable securities

4. Tax savings 12% 22% 35% Contribution $1,000 $1,000 $1,000
Tax Brackets
12%
22%
35%
Contribution $1, $1, $1,000
Federal deduction
VA deduction (5.75%)
VA scholarship credit (65%)
Total tax savings $ 828 $ 928 $1,058
Net contribution $ 172 $ 72 $ (58)
Net $3,800 contribution $ 654 $ 274 $ (220)

5. Tax savings are great but the real question is…
Why ?

6. Shannon Pratt What do I do now? Director of Enrollment Management

7. Questions?
Vataxcreditscholarship.com