Oklahoma Equal Opportunity Education Scholarship Act -

Oklahoma Equal Opportunity Education Scholarship Act

Expanded in 2021, The Oklahoma Equal Opportunity Education Scholarship Act gives Oklahoma taxpayers a powerful way to invest directly in public education. By contributing to approved public school foundations like the Oklahoma City Public Schools Foundation, donors can redirect a portion of their state tax liability and receive valuable income tax credits in return. It’s an opportunity to make a high-impact gift that fuels innovative programs for OKCPS students while maximizing your own tax benefits.

The donor’s non-refundable contribution will be used to support educational services for Oklahoma City Public Schools students, specifically DonorsChoose project support, ReadOKC activities and Teacher Pipeline Program support.

How it works

Fill out our form below. We welcome one-year pledges, however, in order to maximize your state tax credit, please read through the benefits of a one-year pledge vs. two-year.
Select Your Contribution Level. Because of the rigorous reporting requirements, the following minimum contribution levels have been set:
- Individuals/Couple $1000
- Businesses $2,500
Commit To Two Years. The most effective way to maximize your state tax credit is to commit in writing to a two-year pledge. By filling out our form, you’re committing to a one- or two-year pledge.

The Breakdown

Donation	One Year (50%)	Two Year (75%)
$2,500	$500	$750
$5,000	$1,000	$1,500
$10,000	$5,000	$7,500

pledge form

quick Guide

PLEASE CONSULT YOUR PROFESSIONAL TAX ADVISOR FOR SPECIFIC TAX ADVICE.

FAQs

What is a tax credit? How is it different than a tax deduction?

Tax credits and tax deductions both decrease the total that you’ll pay in taxes, but they do so in different ways. A tax credit is a dollar-for-dollar reduction of the money you owe, while a tax deduction will decrease your taxable income, leading to a slightly lower tax bill.

Who is eligible to receive a tax credit?

Any individual, family or qualified business entity paying taxes in Oklahoma is eligible to contribute to their foundation designated fund and receive tax credits.

How much of a tax credit can donors receive?

Your tax credits may be used in the immediate following year. For example, tax credits received from a 2022 donation may be used to offset income taxes on your 2022 Oklahoma tax return filed in 2023. The tax credit is good up to the state tax liability. The tax credit from a public school district or school foundation is not refundable. You may only use this tax credit as an offset to Oklahoma income taxes. Any tax credit not used in a given tax year due to no tax liability may be carried over for up to three years.

What is the deadline to contribute and still get a tax deduction?

Donations that are postmarked by December 31 will count as a charitable contribution made during that calendar tax year.
The tax credit that you get for donating may be claimed when you file your tax return the following year. Federal and state tax deductions for your charitable contribution may also be claimed, if you itemize, when filing your annual tax returns.