Kentucky
Kentucky has one educational choice program, a tax-credit education savings account program.
Kentucky provides K–12 students and their families more school choice than ever, including the nation’s first tax-credit education savings account program, magnet schools, homeschooling and inter- and intra-district public school choice via open enrollment.
Education Opportunity Account Program
- Kentucky’s Educational Opportunity Account Program is an education savings account (ESA) that allows eligible parents to use money donated to account-granting organizations (AGOs) to pay for private school tuition or other educational expenses, including tutoring, individual public school classes and extracurricular activities, instructional materials, technology, transportation, therapies and higher education courses. Individuals and businesses may receive tax credits for donations to AGOs, nonprofits that administer Education Opportunity Accounts (EOAs).
- Enacted 2021
Program Rules:
- Income Limit: 175 percent of the federal reduced-price lunch income threshold ($85,794 for a family of four in 2020-21)
- Prior Year Public School Requirement: No
- Geographic Limit: Statewide (County for Private School Students)
- Enrollment Cap: None
- Account Deposit Cap: $4,700
- Testing Mandates: None
- Credit Value: 95 percent (97 percent for multi-year pledges)
- Per Donor Credit Cap: $1 million
- Total Credit Cap: $25 million
