2019 Income Guidelines for the Virginia Education Improvement Tax Credit Scholarship are contained in the chart below.

You are eligible to apply provided you have a family income of less than 300 percent of poverty or, in the case of a student with a disability, a family income of less than 400 percent of poverty.

Household Size300% of Poverty400% Poverty

Families that fall below these guidelines may be eligible for a scholarship. However, scholarship foundations are allowed to set their income guidelines lower than the maximum levels.

Generally speaking non-taxable income that would be used to determine eligibility includes tax-exempt interest income, nontaxable IRA or Keogh payments, clergy/pastoral/military housing allowance, foster care allowance, veterans benefits and nontaxable pension or annuity payments. Parents should check with the scholarship foundations to determine if they have any unique income requirements.

How much can my child’s tax credit scholarship be?

Scholarship amounts are capped by the amount of the state share of public education spending in the county in which the child resides. To determine the maximum amount of any tax credit scholarship, click here. These are only the maximums. Scholarship foundations may provide less than this amount based on individual need, available scholarship funds, and other school-based assistance.

In addition, scholarship foundations have the right to place other limits on the amount of the scholarships they provide. Parents should ask the scholarship foundation about their eligibility and scholarship levels.

For a list of approved scholarship foundations, click here.

Still can’t find the information you need? Contact us with questions.