Iowa
Iowa has two private school choice programs, a tax-credit scholarship and an individual tax credit.
Iowa offers K–12 students and their families a few types of school choice, including two private school choice programs, charter schools, magnet schools, home schooling and inter-district public school choice via an open enrollment policy.
School Tuition Organization Tax Credit
- Iowa offers tax credits to donors supporting school tuition organizations (STOs), nonprofits that provide private school scholarships to students in need. The program helps Iowa students from low- and middle-income households afford the schooling options that best fit their needs.
- Enacted 2006
Program Rules:
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- Income Limit: 400 percent x Poverty
- Prior Year Public School Requirement: None
- Geographic Limit: Statewide
- Enrollment Cap: None
- Scholarship Cap: Full Tuition
- Testing Mandates: None
- Credit Value: 75 percent
- Per Donor Credit Cap: None
- Total Tax Credit Cap: $20 million
Tuition and Textbook Tax Credit
- Iowa provides parents of students in any private or public school a tax credit covering educational expenses, including tuition, books and lab or activity fees.
- Enacted 1987
Program Rules:
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- Income Limit: None
- Prior Year Public School Requirement: None
- Geographic Limit: Statewide
- Enrollment Cap: None
- Credit Value: 25% (on up to $2,000 in qualifying expenditures)
- Taxpayer Credit Cap: $500
- Testing Mandates: None
