topic Re: Virginia Education Scholarship Tax Credit Program in Deductions & credits

Virginia Education Scholarship Tax Credit Program

walterm74 — Tue, 30 Sep 2025 20:06:16 GMT

I understand the credit. What I am looking for is how much can be deducted both on Federal Tax and Virginia? My donation in 2024 was $500. The VA credit will be $325. Is the Federal Deduction $500?

Is there a VA deduction of $175?

Re: Virginia Education Scholarship Tax Credit Program

Bsch4477 — Tue, 30 Sep 2025 20:34:06 GMT

Yes, the VA credit is $325. The remaining $175 is a charitable deduction on your federal return if you itemize. The $325 can also be used on your federal return as a state or local tax payment if you itemize.

Re: Virginia Education Scholarship Tax Credit Program

walterm74 — Wed, 01 Oct 2025 13:49:08 GMT

Thank you.