Oklahoma Parental Choice Tax Credit
Updated November 21, 2023:
In a wonderful victory for private and home school families, the Oklahoma Parental Choice Tax Credit (OPCTC) is now law, with enrollment starting in December 2023. Scroll to the bottom for step-by-step application instructions.
What is the OPCTC?
This new program provides families with refundable tax credits of $5,000-$7,500 per child to cover the cost of private school tuition and fees. Click HERE to view the schedule of 2024-25 Tuition & Fees.
A refundable tax credit means that if the amount you’re credited is larger than the amount of state income tax you owe, you’ll receive a refund for the difference.
For example, if you’re enrolled in the OPCTC and are eligible to receive $6,000, and the amount of state income tax you owe is $1,000, then a refund check from the State of Oklahoma in the amount of $5,000 will be sent to the school where your child attends. If you have already paid your tuition, the school will turn the check over to you. If you have not paid your child’s tuition, then you’ll endorse the check over to the school.
Please note, however, that the tax credit is not automatic! You have to apply in order to be eligible (more details further below). The program begins in 2024, with the application period starting December 1, 2023 and ending February 1, 2024.
Amount You’re Eligible For
The amount of tax credit your family can receive for each child is dependent upon your family’s Federal Adjusted Gross Income (AGI). The lower your income, the more tax credit you can receive. Even families with higher income that successfully enroll are guaranteed a minimum $5,000 credit.
Here’s the eligibility breakdown:
If your adjusted gross income is up to $75,000, then you're eligible for $7,500 credit.
If your adjusted gross income is between $75,001 and $150,000, then you're eligible for $7,000 credit.
If your adjusted gross income is between $150,001 and $225,000, then you're eligible for $6,500 credit.
If your adjusted gross income is between $225,001 and $250,000, then you're eligible for $6,000 credit.
If your adjusted gross income is $250,001+, then you're eligible for $5,000 credit.
WCA and the OPCTC
Woodward Christian Academy encourages ALL families to apply, regardless of your income. While Oklahoma is giving priority to lower income families, higher income families will be enrolled in OPCTC on a first-come, first-serve basis. Oklahoma has capped the amount of money available each year for the credit, so not every family who applies is guaranteed to receive it.
Therefore, it’s important that you apply as soon as possible once the enrollment period starts.
Importnt Dates and Application Steps
The most important date for you to know is December 1, 2023, as this is the opening date to apply for the OPCTC. The application period ends on February 1, 2024.
Steps for WCA Families to Apply to the Parental Choice Tax Credit Program:
Request an Enrollment Verification Form from WCA by sending an email to email@example.com. The Enrollment Verification Form is used by the State to confirm that your child is a student at WCA. In the Subject line of your email, please write Enrollment Verification Form Request. Please note: As of November 10, 2023, WCA does not yet have the Form issued by the State of Oklahoma.
Once you’ve received your Enrollment Verification Form from WCA, go to www.parentalchoice.ok.gov and select the link to apply. Please note: As of November 10, 2023, the application link is not yet live.
To complete the application, you’ll need to know your Adjusted Gross Income from two years prior to the tax year in which your credit will apply. So, for applications made Dec 1, 2023-Feb 1, 2024, you’ll need to know your federal AGI from tax year 2022.
The application will also ask you for basic information about your child and the school where they’re enrolled. A list of the specific information you'll need to have on-hand is further below.
The online application will ask you to upload the Enrollment Verification Form you’ve received back from WCA. Therefore, you should not begin the application until you have this form.
Once you’ve applied, the State of Oklahoma estimates it will contact you in approximately 2 weeks to notify you of acceptance to the OPCTC.
The OPCTC program is brand new, and we’re receiving updated information as they finalize details for the program. Please return to this page or our Facebook page for updates, and feel free to reach out to firstname.lastname@example.org with questions.
Applying to the OPCTC Program: Documents To Have On-Hand
All applicants will need:
Taxpayer identification information for all Household members, including name, address,
phone number, email, and Social Security Number
Student information, including name and Social Security Number
This will be utilized to verify the student's Household federal Adjusted Gross Income,
which then determines the amount of the tax credit
An Enrollment Verification Form for each student
The Enrollment Verification Form is provided by the registered accredited private school
that the student attends or plans to attend. This is sent via email to the parent or guardian
of the student.
Non-parent/guardian taxpayers will also need:
A signed Parental Consent Form for each student
This shows that you have obtained permission from the legal guardian to utilize the
student Household’s federal Adjusted Gross Income as well as student and Household
members’ identifying information.
Non-Oklahoma taxpayers will also need:
Form 1040 Federal Tax Return for the tax year 2022
Applicants who did not file Oklahoma State or Federal taxes in tax year 2022 are required
to submit a completed copy of the Form 591-C.