The Iowa School Tuition Organization Tax Credit
The School Tuition Organization Tax Credit is one of many tax credits available to claim under special circumstances on an Iowa tax return.
The School Tuition Organization Tax Credit is one of many tax credits available to claim under special circumstances on an Iowa tax return.
Iowa offers dozens of obscure tax credits. The one I get asked about most is the tax credit available for donations to a “school tuition organization” or STO. Here’s how the Iowa Department of Revenue defines an STO: A school tuition organization must be a charitable organization in Iowa that is exempt from federal taxation […]