Are you exploring ways to make private education more accessible for your family? Great news! West Virginia’s Hope Scholarship program offers an incredible opportunity for families seeking to provide their children with a quality education at a private school. Whether you’re already enrolled at a private institution or considering this path for your child, this program could make a significant difference in your educational journey.
Several states have K–12 private school education tax benefits, deductions, or refund programs. Please keep the following in mind:
- Enlightium Academy is considered a private school, not a homeschool.
- Enlightium Academy is accredited an important distinction for several states in filing for tax benefits. Being accredited by Cognia and the Association of Christian Schools International is a stamp of approval for regional and worldwide recognition. More information can be found here.
- This article is intended to inform you on the first steps that need to be taken to prepare for filing; speak with a tax professional and/or conduct further research before filing.
Illinois is one of the states in the U.S. with a tax credit program. For being enrolled in a private school, families in Illinois can receive up to a $250 credit per dependent each school year. Parents can receive a credit of 25% of their expenses after the first $250; the maximum credit a family can receive is $750.
Indiana’s individual tax reduction program allows parents to claim tax deductions for private school expenses up to $1,000 per student each year.
Louisiana’s individual tax reduction program is one of the best in the country. Parents can claim tax deductions for private school expenses up to $6,000 per student each year.
Welcome to an exciting opportunity for private school students in Tennessee! Are you looking for ways to finance your student’s education? You may be eligible for significant funding through Tennessee's Education Savings Account (ESA) program. This initiative is designed to help families afford the best educational options for their children. Tennessee’s ESA program estimates that tuition assistance will be provided to eligible families, with $9,263.72 per student per year* available in Davidson and Shelby counties, and $9,167.50 per student in Hamilton County.
Did you know that the state of Arizona offers a program called Empowerment Scholarship Accounts (ESAs), which provides the parents or guardians of eligible students with a certain amount of money that they can use to pay for private school tuition or other educational expenses?
New Hampshire has a program called Education Freedom Accounts (EFAs), which provide eligible students with a certain amount of money that they can use to pay for private school tuition or other educational expenses. EFAs are available to students who live in New Hampshire and whose family’s income is at or below 350% of the federal poverty level.
Once a student is approved for an EFA, the state deposits funds into the student's account. The amount of funding varies based on the student's circumstances, but most recipients will receive at least $3,400 each year. The funds can be used to pay for private school tuition, textbooks, online courses, and other educational expenses.