Education Tax Breaks
Education tax credits are an emerging area of research for ITEP. In 2016, ITEP released a noteworthy report that examined how states are subverting public will and, in some cases, their state constitutions by funneling public money to private and parochial schools via controversial and generous tax credits. A surprising finding was that in at least nine states, these tax credits are so incredibly generous that upper-income taxpayers can turn a profit. Because public, taxpayer dollars remain critical for high quality public education, ITEP continues to explore the effect education tax credits are having on state budgets and public school funding.
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report March 22, 2016 Higher Education Income Tax Deductions and Credits in the States
Read full report in PDF Download detailed appendix with state-by-state information on deductions and credits (Excel) Every state levying a personal income tax offers at least one deduction or credit… -
report February 15, 2000 Analysis of Virginia Tuition Tax Credit Proposal
The Institute on Taxation and Economic Policy (ITEP) has analyzed the proposed “Virginia Children’s Educational Opportunity Act 2000” (H.B. 68 and S.B. 336), to measure the effects of the bill’s…