Virginia Education Scholarship Tax Credit Program

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?

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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.