Redirect Your Tax Liability
Scholarships for Kids uses a portion of your tax liability to provide tuition assistance to students who demonstrate a financial need.
You’re not just giving a scholarship, you're getting a tax credit. By redirecting a portion of your tax liability to Scholarships for Kids, you reduce the total amount of your tax bill by 50%.
Corporate contributors can redirect up to 50% of their TOTAL tax liability. There is no maximum limit for the tax credit.
Individuals who contribute to Scholarships for Kids can also redirect up to 50% of their Alabama state tax liability. The annual maximum tax credit available on an individual tax return is $50,000.
You have an opportunity to give a child access to an education they could not otherwise receive at no cost to you. So the question isn’t “why,” but rather, “why not?”
The Accountability Act currently establishes an annual $30 million statewide limit on the tax credits. The credits will be awarded on a first-come, first-served basis, and may be carried forward for 3 years.
Contributions should be mailed on the same day that your donation is registered, payable to Scholarships for Kids:
SCHOLARSHIPS FOR KIDS, INC.
P.O. BOX 10204
BIRMINGHAM, AL 35202
For more information about Scholarships for Kids, contact Warren Callaway at 205-480-9997.