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New House Bill Will Allow You To Claim Tax Credit For Small Donations to Schools

A bill in the Indiana House would allow you to claim a new tax credit for a small donation. Indiana Senate Bill 260, written by Republican State Rep. Brian Buchanan, would allow you to claim a nonrefundable 25 percent tax credit if you happen to donate to a public school foundation in 2024 or 2025. The catch is that it can’t exceed $1,000 if you file alone, or $2,000 if you file jointly with your spouse. Representative Buchanan says the whole point of the bill is to help fund public school scholarships and other projects. The bill is headed to the House.

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