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  1. The SFOs then award scholarships to eligible children. The tax credit cap amount for the 2022-2023 fiscal year is $1,091,957,093. On March 27, 2023, Governor Ron DeSantis signed into law House Bill (HB) 1, which expands available school choice options for all students in Florida.

  2. 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.

  3. 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...

  4. 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.

  5. The Florida Tax Credit (FTC) scholarship program, which provides private school scholarships to more than 100,000 low-income students annually, is the largest program of its kind in the country.

  6. 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 ...

  7. Florida is one of 11 states with a tax credit scholarship. Here’s how it works. Students are eligible for the program if: Their family household income is no more than 185 percent of the...

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