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Convert Your Tax Dollars into Direct Support for LRA Students and Programs

Through the Ohio Association of Independent Schools Scholarship Granting Organization (OAIS SGO), Ohio taxpayers can now receive a tax credit of up to $750 per individual or $1,500 per couple, when filing jointly, on their Ohio income tax returns for monetary contributions made to an eligible Scholarship Granting Organization. Donations designated to Lake Ridge Academy, made through the Ohio Association of Independent Schools Scholarship Granting Organization (OAIS SGO), will be directed toward Lake Ridge Academy programming.

For your donation to qualify for the state tax credit, your contribution must be made through the Ohio Association of Independent Schools (OAIS) Scholarship Granting Organization (SGO) website. The donation site can be accessed here.

Frequently Asked Questions

General Information

Note: The State of Ohio Tax Credit Scholarship initiative is subject to change by the Ohio Attorney General's Office. The following information is valid as of December 11, 2023.

The Ohio General Assembly established a program whereby Ohioans can receive a 100% tax credit against Ohio income tax liability for cash contributions to certified Scholarship Granting Organizations (SGOs) that grant scholarships to students. The maximum credit amount is currently $750, or $1,500 if married filing jointly.

The Ohio Association of Independent Schools (OAIS) is a scholarship granting organization (SGO) providing Ohio students the crucial funding they need to receive the best education possible. OAIS is committed to the quality education that independent schools provide to students from diverse backgrounds.

The program will benefit all Lake Ridge Academy students through programming support. It will benefit taxpayers as they now have the opportunity to direct a portion of their tax obligation to SGO's of personal interst. This is a dollar-for-dollar tax credit against your tax liability for the State of Ohio.

Contributing to the OAIS SGO

Anyone. However, only those persons with Ohio tax liability may be eligible for the tax credit.

To be eligible for the tax credit on your 2023 Ohio taxes, you must make the full contribution amount (maximum $750 per individual/$1,500 per couple) prior to filing your 2023 taxes, or until April 14, 2023, whichever comes first.

$750 ($1,500 if married filing jointly) is the cap for the tax credit.

Tax Credit Information

The information below is general in nature and is not intended to be used as tax advice. Please consult a tax professional that is aware of your personal tax situation about this credit and your potential use of it.

Contributors to the OAIS SGO will receive a dollar-for-dollar state tax credit up to the $750 per individual or $1,500 per couple, filing married jointly, maximum contribution, which is different from a tax deduction. Tax deductions reduce your taxable income. A tax credit is a dollar-for-dollar credit against the taxes you have paid or will owe to the state of Ohio.

You will claim this credit when you file your Ohio state income tax return. The credit will reduce your state tax liability (the amount you owe in taxes). A tax credit limits your tax benefit to no more than what you owe in taxes. The amount of the tax credit you can claim equals 100% of the amount you contribute, up to $750 per taxpayer.

If you and your spouse file "Married Filing Jointly," you can receive a credit for up to $1,500 on your joint state income tax return.

  1. Review your tax liability from last year (2022 Ohio IT 1040, line 8c) to help estimate the amount of your tax liability for 2023, against which the credit can apply if desired. Please remember that the maximum credit amount is currently $750 ($1500 if "Married Filing Jointly").
  2. Make your contribution online by visiting here.
  3. Taxpayers claim the credit when they complete their tax return by writing in their contribution amount on the designated lines of the Ohio individual income tax return and attaching their tax receipt from the OAIS SGO. If you do not pay any income tax to the State of Ohio, you will not receive any tax credit.

If you have any questions please contact:

Brock Dunn, Interim Director of Advancement (440) 327-1175 ext. 113 [email protected]