Tax Credit Information for Individuals

Individual taxpayers are able to redirect 100% of their Alabama state tax liability to Scholarships for Kids and receive a dollar-to-dollar tax credit in return. The annual maximum tax credit available on an individual return is $100,000.

The Alabama Accountability Act currently establishes an annual $40 million statewide limit on the tax credits. The credits are awarded on a first-come, first-served basis, and may be carried forward for 3 years.

The deadline each year is December 31.