Florida Tax Credit Scholarships
To expand educational opportunities for children of families that have limited financial resources and to enable children in this state to achieve a greater level of excellence in their education, the Florida Legislature created the Florida Tax Credit Scholarship Program in 2001. The law provides for state tax credits for contributions to nonprofit scholarship funding organizations, (SFOs). The SFOs then award scholarships to eligible children.
The tax credit amount for the 2024-25 fiscal year is $1,091,957,093.00.
As of the 2023-24 school year, financial eligibility restrictions for FTC have been eliminated. Priority is given first to students whose household income level does not exceed 185% of the federal poverty level or who is in foster care or out-of-home care, then to students whose household income level exceeds 185% of the federal poverty level but does not exceed 400%.
For the 2025-26 school year, up to 100,000 students who will not be enrolled in a private school may participate in FTC as personalized education program (PEP) students. Parents of PEP students will develop an individualized learning plan for their students and may use funds for approved expenses to serve their educational needs.
With these expansions along with the many other existing school choice options, Florida is empowering every family and every child to achieve their educational goals.
To apply for the Florida Tax Credit Scholarship, contact an eligible scholarship funding organization directly.
Florida Tax Credit Scholarship Program FAQs
FTC PEP Scholarship FAQs