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Florida

Florida Scholarship Tax Credits and SGOs

Florida’s scholarship tax credit programs allow individuals and businesses to support private education while receiving state tax credits. Contributions are made to approved Scholarship Granting Organizations (SGOs), which use those funds to provide scholarships that help eligible students access private schools throughout Florida.

Florida operates several scholarship programs designed to expand educational access, support families, and encourage private investment in education. These programs play a central role in helping students attend schools that best meet their academic needs while maintaining structured oversight and accountability.

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Alabama Accountability Act Scholarship Program

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How Florida Scholarship Tax Credit Programs Work

Under Florida’s scholarship tax credit framework, donors contribute to an approved SGO and receive a corresponding credit against eligible Florida state taxes, subject to program guidelines. SGOs are responsible for administering scholarships, managing eligibility requirements, and distributing funds in compliance with state regulations.

This structure allows donors to redirect tax liability toward education while supporting schools and families across Florida. Schools benefit from increased access to scholarship funding and greater enrollment stability, while families gain additional educational options.

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Benefits for Florida Schools, Families, and Donors

Florida’s scholarship tax credit programs support private schools by expanding scholarship availability and strengthening long-term planning. Families benefit from increased access to private education options that may otherwise be financially out of reach. Donors participate in a state-supported program that aligns tax efficiency with meaningful community impact.

Effective participation requires coordination among donors, SGOs, and schools. Clear communication and ongoing program education help ensure scholarship funds are administered responsibly and in accordance with Florida’s established requirements.

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What is the Florida Tax Credit (FTC) Scholarship Program?

The FTC Scholarship Program allows Florida businesses to receive dollar-for-dollar tax credits against their state tax liabilities when they contribute to eligible Scholarship Funding Organizations (SFOs). These contributions are then used to provide scholarships for students from low-income families, giving them access to a quality education that might otherwise be out of reach.

How Does the FTC Program Work?

  1. Make a Contribution: Florida businesses can contribute to an approved Scholarship Funding Organization (SFO) such as Step Up For Students or AAA Scholarship Foundation.
  2. Receive a Tax Credit: Businesses receive a tax credit on their Florida state taxes for 100% of their contribution amount. This can offset various taxes, including corporate income tax, insurance premium tax, alcoholic beverage excise tax, and more.
  3. Support Student Achievement: Contributions are used to provide scholarships for students from low-income families, allowing them to attend a private school of their choice or a participating out-of-district public school.

Why Support the FTC Scholarship Program?

  • Expand Educational Opportunities: By participating in the FTC program, businesses help ensure that students from all socioeconomic backgrounds have access to the same high-quality education as their peers, promoting educational equity across the state.
  • Direct Your Tax Dollars to Make an Impact: The FTC program empowers businesses to decide how their state tax dollars are spent. Instead of funding general state expenditures, your contribution directly benefits Florida’s students, providing immediate and life-changing support.
  • Strengthen Communities: Scholarships funded through the FTC program do more than just cover tuition—they change lives. By supporting students in their educational journeys, businesses contribute to building stronger, more educated communities across Florida.

RedefinED: Maximizing Impact with FTC

At RedefinED, we are dedicated to making private education accessible for all students. Our collaboration with the FTC Scholarship Program allows us to connect donors, families, and schools in a way that maximizes the program’s impact. By working closely with Scholarship Funding Organizations, we ensure that donations are effectively managed and directed towards supporting students in need.

We streamline the process for businesses, providing guidance on making contributions, claiming tax credits, and understanding the program’s benefits. At RedefinED, our goal is simple: to make sure every deserving student has the opportunity to thrive in an educational environment that best suits them.

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Get Involved and Make a Difference

Are you ready to transform education for Florida’s students? Contact us today to learn more about the Florida Tax Credit (FTC) Scholarship Program and how your business can participate. Together, we can redefine what’s possible for students across the state.

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