Virginia Education Improvement Scholarship Tax Credit Program

Virginia provides a state tax credit for persons or businesses that make a monetary donation to an approved scholarship foundation that provides scholarships to eligible lower income or disabled students for qualified educational expenses incurred in attending eligible nonpublic schools. ACSI (Association of Christian Schools International) has a qualified scholarship foundation program and Williamsburg Christian Academy is a member of ACSI. Thus a donation to ACSI can be directed to WCA for the scholarship program and qualify for the Virginia tax credit.

For individuals, the credit is limited to a contribution of $125,000 per year. For businesses, the credit is not limited. The credit is 65% of the contribution amount.

Depending on your other income, your itemized deductions may be limited, but following is an example of the cost.

Donate                                   $50,000        $100,000

VA Credit                               $32,500        $  65,000

Federal Tax Savings             $16,500        $  33,000

Virginia Tax Savings            $  2,875         $    5,750

Total Tax Savings                 $51,875         $103,750

In summary, you are still out the cash, but it goes to Williamsburg Christian Academy instead of the government. Please note, itemized deductions may be limited based on your overall income, so the exact numbers may not be represented but are used for illustration purposes.

This process is now entirely online. Simply visit this link, and you can make your contribution today (please follow the listed instructions and do not click the 'Contribute Now' button on the VEI page).

If you have any questions or confusion regarding this process, we stand ready to help. Call us at 757-378-5265, or email us at hoa@williamsburgchristian.org

Thank you for your thoughtful and prayerful consideration of this opportunity and for your ongoing support of the WCA school ministry.