Angel Scholarship Fund (ASF) - Ohio Tax Credit Program
Would you rather pay state taxes to Ohio or support EC students?
This question may sound preposterous, but it is not. The State of Ohio allows you to direct your Ohio tax liability (up to $750 for an individual or $1,500 for a couple) to Elyria Catholic in support of tuition assistance for our students.
Here is how the program works:
Step 1 – Estimate your State of Ohio tax liability (Form 1040 IT, Line 8c) to ensure your liability reaches the thresholds mentioned above.
Step 2 – Direct your Ohio tax liability to the Angel Scholarship Fund and select Elyria Catholic as the beneficiary. www.catholiccommunity.org/angel
Step 3 – Complete your State of Ohio income tax return. Include your receipt and claim the tax credit. Whatever you contributed to the Angel Scholarship Fund (up to $750 for an individual or $1,500 for a couple) will be removed from your tax liability.
This information does not constitute legal or tax advice. Always consult with your tax professional for information on the impact of any charitable giving.