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The newly increased 75% income tax credit has begun benefitting Iowa taxpayers in big ways. To see how it could help reduce your tax liability, here is a document with income tax scenarios that may be of assistance.

HF847, signed by Governor Reynolds on 5/20/21, retroactively raised the School Tuition Tax Credit from 65% to 75%. This change is retroactive to January 1st, 2021, meaning that contributions made since this date are now eligible for a 75% Iowa Income tax credit.

The deadline for the online application for the STO Tuition Assistance program closed on April 15, 2021. Should you have questions regarding this process, please contact Our Faith STO Director Deacon Brian Zeman at b.zeman@dbqarch.org