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Individual and business taxpayers in Virginia can receive tax credits worth 65% of their donations to scholarship foundations, which are nonprofits that provide private school scholarships.
There are two education tax credits designed to help offset these costs - the American opportunity tax credit and the lifetime learning credit.
Who can claim an education credit? There are additional rules for each credit, but you must meet all three of the following for both: You, your dependent or a third party pays qualified education expenses for higher education. An eligible student must be enrolled at an eligible educational institution.
It is a tax credit of up to $2,500 of the cost of tuition, certain required fees and course materials needed for attendance and paid during the tax year. Also, 40 percent of the credit for which you qualify that is more than the tax you owe (up to $1,000) can be refunded to you.
In the United States, scholarship tax credits, also called tax credit scholarships, education tax credits or tuition tax credits, are a form of school choice that allows individuals or corporations to receive a tax credit from state taxes against donations made to non-profit organizations that grant private school

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Under this program, public school construction, additions, or major modernization/renovation projects meeting the following three criteria qualify to be submitted for funding through an online application: (i) those projects that are either in the local planning phase or already planned as documented in a currently-
Public school choice options include open enrollment policies, magnet schools, and charter schools. Other options include school vouchers, scholarship tax credits, and education savings accounts (ESAs).
Grants Scholarships Federal Pell Grant. Federal Supplemental Educational Opportunity Grant (FSEOG) Virginia Commonwealth Award (state grant) Virginia Guaranteed Assistance Program (state grant) Virginia Tuition Assistance Grant Program (state grant) Two-Year College Transfer Grant (state grant)

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