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  1. The law provides for state tax credits for contributions to nonprofit scholarship funding organizations, (SFOs). The SFOs then award scholarships to eligible children. The tax credit cap amount for the 2022-2023 fiscal year is $1,091,957,093.

  2. 18 Δεκ 2023 · Florida offers a tax credit on corporate income taxes and insurance premium taxes for donations to scholarship-funding organizations (SFOs), nonprofits that provide scholarships. All Florida students in grades K12 are eligible, with priority for students from low-income families and in foster care. Families can use scholarships to pay for ...

  3. Scholarship programs run by Step Up, such as the Florida Tax Credit Scholarship, New Worlds Scholarship, and the Family Empowerment Scholarship, constitute a vibrant part of Florida’s changing education landscape.

  4. With these expansions along with the many other existing school choice options, Florida is empowering every family and every child to achieve their educational goals. To apply for the Florida Tax Credit Scholarship, contact an eligible scholarship funding organization directly. Florida Tax Credit Scholarship Program FAQs. Directory of Private ...

  5. The Florida Tax Credit Scholarship Program (FTC) was established in 2001 to provide an income tax credit for corporations that contribute money to nonprofit Scholarship-Funding Organizations (SFOs) that award scholarships to students from families with limited financial resources.

  6. The Florida Tax Credit Scholarship Program allows taxpayers to make private, voluntary contributions to eligible nonprofit scholarship-funding organizations and receive a dollar-for-dollar credit against the following Florida taxes: corporate income tax; excise tax on liquor, wine, and malt beverages; gas and oil production tax;

  7. One of the primary focuses of Step Up For Students is the administration of four scholarships for students in Florida: the Florida Tax Credit Scholarship Program (FTC) for lower to middle income families; the Family Empowerment Scholarship (FES), which has two components, one for students with Unique Abilities (FES-UA) and a second for lower to...

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