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.
