You pay state income taxes to support public schools. What if you could specify which communities you support? Now you can!
When you give to
GO for Tulsa Education Tax Credit Fund, you empower education and support students in your community — and get a tax credit too!
Transform your state income tax dollars into funding for Tulsa Public Schools. You’ll help students, families, teachers, and the community, plus get a tax credit, which saves you more than a tax deduction.
(based on tax filing status)
No! GO funding does not disturb or change funding allocated to Tulsa Schools under the state funding formula. Think of GO contributions as funding that adds to traditional public school funding.
Yes, you can contribute both individually (as a single person) or jointly (as a married couple) and through a legal business entity that you control; however, the business contribution route is generally better from a tax perspective and can allow you to maximize your tax savings.
Think of a tax credit as a gift card that you can use to pay your taxes. Tax credits directly reduce your tax burden on a dollar-for-dollar basis regardless of your marginal tax rate. On the other hand, the value of a tax deduction depends on several factors specific to each taxpayer, including whether you itemize deductions and your marginal tax rate. A tax deduction only reduces the base of your taxable income and therefore only indirectly reduces your tax burden by saving you cents on the dollar.
Your GO for Tulsa contributions go to support the Tulsa community by funding innovative educational programs in Tulsa schools. Such innovative programs are focused on meeting the needs of students, improving student educational outcomes, enhancing the overall quality of the education delivered through Tulsa's public schools, achieving strategic priorities for the school district and each school, and helping our schools achieve their broader mission for the community.
Yes! Each contributor may select particular Schools, Programs, or Funds to support and designate a portion of their contribution to each per the Fund Designation Policy.
This policy establishes the parameters for such designations so GO for Tulsa can achieve its mission in a way that promotes financial sustainability and educational equity. The policy also provides the flexibility necessary to meet the overall program goals of improving educational outcomes and being responsive to community needs and priorities.
$500,000
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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