How to save 75%

As an Iowa taxpayer, you can contribute to the STO and receive an Iowa tax credit equal to 75% of your contribution.  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.

 *Assumes 25% tax bracket and that the taxpayer itemizes their deductions.  This is provided as an example.
All taxpayers should consult with their tax advisor for specific information about their personal tax situation.