Education Improvement Scholarships Tax Credit Program

 
 

The Virginia Education Improvement Scholarship Tax Credit program can offer support for thousands of low and middle-income families in Virginia.  The program offers the opportunity for Virginia families to send their children to a school of their choice using private scholarships from scholarship foundations. The Hampton Roads International Montessori School is an approved VDOE Scholarship Foundation.

The Educational Improvement Scholarship Tax Credit program offers a 65 percent state tax credit on top of the current state and federal tax deductions for monetary and marketable securities donations to approved scholarship foundations that, in turn, provide private school scholarships to qualifying students.

The minimum donation is $500 per year. The maximum donation for individuals is $125,000. There is no limit to business donations.

For the year of the donation, donors may take a credit against their Virginia taxes equal to 65 percent of the donation, as well as a deduction against their net income as a charitable donation on both their federal and state income taxes.

 At Hampton Roads International Montessori School, 100% of all donated money through this program will be given towards scholarships for children of lower-income families.

This is the best way to help local students achieve a better education.

The preauthorization application process for VDOE state tax credits is easy. Just fill out the link and sign a letter of intent. If you need help with the letter of intent you can contact the email below.

To learn more about the program and how you can support local families in your community instill a love of learning in their children while earning a 65% state tax credit in the process, email-mdantonio@hrimontessori.org