FAQs

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The Eagle Ohio Tax Credit Fund is St. Edward High School’s Scholarship Granting Organization, giving Ohio taxpayers a way to support scholarships for St. Edward students while receiving a dollar-for-dollar credit against their Ohio income tax liability.

Contributions to the Eagle Ohio Tax Credit Fund directly fund scholarships for eligible St. Edward families, with priority given to students from low-income households.

Frequently Asked Questions

How do I get the tax credit?

Getting the Eagle Ohio Tax Credit is simple:

  • Determine your Ohio tax liability. Review your previous year’s Ohio income tax return to help estimate your tax liability for the current year. Because the credit is nonrefundable, your tax benefit cannot exceed your Ohio income tax liability. The maximum credit is currently $750 per taxpayer, or up to $1,500 for married couples filing jointly.

  • Make a contribution to the Eagle Ohio Tax Credit Fund. Click here to give online or complete a contribution form and mail a check. After your gift is received, the Eagle Ohio Tax Credit Fund will provide the tax receipt you need to claim your credit.

  • Claim the credit on your Ohio income tax return. When you file your state taxes, report your eligible contribution and include the required information from your Eagle Ohio Tax Credit Fund receipt. Your credit will reduce your Ohio income tax liability dollar for dollar, up to the allowable limit.

For example: If your Ohio tax liability is $1,000 and you contribute $750 to the Eagle Ohio Tax Credit Fund, the $750 credit reduces your liability to $250. If you are already due a refund, an eligible $750 credit may increase that refund by $750, provided you have sufficient Ohio income tax liability to claim the full credit.

Is the amount I claim a tax deduction?

Contributors to the Eagle Ohio Tax Credit Fund receive a dollar-for-dollar state tax credit, 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 owe to the state of Ohio.

Who can contribute to the Eagle Ohio Tax Credit Fund?

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

When can I make a contribution?

You can contribute to the Eagle Ohio Tax Credit Fund anytime during the year, including through monthly installments. To be eligible for the tax credit on your 2026 Ohio taxes, you must make the contribution amount (maximum $750 per individual) before you file your 2026 taxes.

Is there a cap on the amount I can contribute?

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

May I designate my contribution to a specific student?

No; the Eagle Ohio Tax Credit Fund does not accept contributions designated for specific students.

What are the payment options?

Click here to fill out the safe and secure online contribution form. It takes just minutes, and you'll receive an immediate electronic confirmation. You will also receive a tax receipt in the mail to use when filing your Ohio income taxes.

You can also print and mail a contribution form, available for download here. Please make checks payable to the "Eagle Ohio Tax Credit Fund," and allow 7–10 business days to receive your tax receipt by mail.

What is the FEDERAL Scholarship Tax Credit, when does it start, and where can I find more details?

Beginning January 1, 2027, a new Federal Scholarship Tax Credit will create an opportunity similar to what Ohio residents have experienced through the Eagle Ohio Tax Credit Fund for several years. The new federal program will allow individuals across the country to receive a dollar-for-dollar federal tax credit for eligible contributions that support scholarships for students at St. Edward.

The federal program will take effect for eligible contributions made beginning January 1, 2027. Additional information about the credit and how donors can participate will be shared as official guidelines become available.

For more information, contact Traci Zahn at tzahn@sehs.net or 216.221.3776 ext. 256.

Please note that the State of Ohio's tax credit scholarship initiative is subject to change by the Ohio Attorney General's Office, and the details provided are valid as of September 16, 2024. This information is intended for general guidance and should not be considered tax advice. Be sure to consult a tax professional familiar with your personal tax situation to understand how this credit may apply to you.

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