An individual may claim a credit for making a donation to a School Tuition Organization for scholarships to private schools. The maximum credit amount that may be taken for tax year 2012 is $503 for single, unmarried head of household and married filing separate filers and $1,006 for married filing joint filers. The maximum credit amount that may be taken for tax year 2013 is $517 for single, unmarried head of household and married filing separate filers and $1,034 for married filing joint filers. The tax credit for contributions to private school tuition organizations is claimed by the individual taxpayer on Form 323.
Beginning with tax year 2012, an individual may claim an additional credit for making a donation to a School Tuition Organization if the amount contributed is greater than the maximum amount that can be claimed on form 323. The maximum credit amount that may be taken for tax year 2012 is $500 for single, unmarried head of household and married filing separate filers and $1,000 for married filing joint filers. The maximum credit amount that may be taken for tax year 2013 is $514 for single, unmarried head of household and married filing separate filers and $1,028 for married filing joint filers. The tax credit for contributions to certified school tuition organizations-individuals is claimed by the individual taxpayer on Form 348 ( New for Tax Year 2012).
For a list of School Tuition Organizations certified to receive donations for the individual income tax credit click here
