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Donations to the STO give the gift of school choice to Iowa families. With this gift, families have the ability to choose the educational setting that best meets the needs of their children. You may choose 50% of your donation to be restricted to St. Patrick Catholic School.
As an Iowa taxpayer, you can contribute to the STO and receive an Iowa tax credit equal to 65% of your contribution. For those who itemize deductions, the amount you contribute qualifies as a charitable donation on your federal tax return as well.Additionally, C and S corporations, LLC’s, estates and trusts that file an Iowa tax return can also take advantage of this tax credit program.
Contribution Amount $1000 Iowa Income Tax Savings (Credit) ($650) Federal Tax Savings* ($250) Total Cost after Tax Savings* $100 *Assumes 25% tax bracket and itemized deductions. This is provided as an example.
All taxpayers should consult with their tax advisor for specific information.
Visit the STO website for information on donating or applying for assistance.
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