OH Tax Credit for Donations to FIA!!
Islamic Society of Akron and Kent
OH Tax Credit for Donations to FIA!!
Dear ISAK Community,
As-salmu alaykum!
We are sharing an exciting opportunity for you to provide tuition assistance for FIA students by redirecting your state tax liability to the Faith Islamic Academy Scholarship Foundation (FIASF) before April 15, 2024.
Thats right! You may be eligible to receive a dollar-for-dollar tax credit on your 2023 Ohio income tax return by donating to this scholarship granting organization (SGO) formed exclusively to benefit FIA students.
Key facts:
- Ohio Law: In 2021, the state of Ohio passed legislation that allows for the establishment of SGOs to provide an opportunity for donors to use their tax dollars to provide tuition assistance to eligible families and their students.
- Maximum Contribution: The maximum contribution eligible for the SGO Ohio tax credit is $750 for single filers and $1,500 for married couples filing jointly.
- Credit Limitations: If your Ohio tax liability is less than the respective amounts mentioned above, your tax credit will be limited to the amount of your Ohio tax liability.
To take advantage of this opportunity, please visit FIAScholarship.org. You will be able to claim a 2023 Ohio Scholarship Donation Credit by donating through this link.
- Support Deserving Students: Your contributions help remove financial barriers, enable students to achieve academic excellence, and foster future leaders.
- $0 Cost for You: Make a difference without spending a dollar! This program simply redirects your tax payment to support a worthy cause.
Please contact us with any questions or assistance with the online donation process. You can email your queries directly to the FIA Scholarship Foundation at [email protected]
Thank you for your continued support of FIA!
Sincerely,
FIA Board of Education