Ohio Tax Credit Program for CMA's SGO

Central Montessori Academy is a member of the Ohio Association of Independent Schools (OAIS). As a member of OAIS, we use their portal to receive SGO funding: 

https://oais.gosgo.co/schools/2920/landing

SGO funds designated to CMA provide scholarships for CMA students. We prioritize awarding scholarships to low to moderate-income K - 6 students. Awards are based on a family's level of need AND available funds. ​​

As the available funds in CMA’s SGO grow, the percentage of families receiving scholarships each year will also increase.

*For your donation to qualify for the state tax credit, your contribution must be made through the Ohio Association of Independent Schools (OAIS) Scholarship Granting Organization (SGO). 

*Because we are a member of OAIS, The Ohio Attorney General's List of Certified Scholarship Granting Organizations does not list our school separately. We are a member of the OAIS SGO - EIN 87-4616853. 

To claim the 2024 Ohio Scholarship Donation Credit, donate to CMA through the OAIS SGO portal before April 15, 2025. 

The SGO will then provide documentation to attach to your tax return. When you file your 2024 tax return, you will claim the corresponding dollar-for-dollar SGO tax credit (up to $750 or $1,500 filing jointly).

The donation must be made to CMA’s Scholarship Granting Organization, not the school itself!

All individuals with earned income pay income taxes to the state - even if you received a refund in the previous year. Your state tax liability is the total amount owed to the state BEFORE determining whether there is a refund or a payment due.

Either consult your tax professional or review your current state return (1040 IT, line 8c). Photo of 2023 Tax return

Details:

• Individuals with a 2024 Ohio income tax liability OVER $750: Will receive the maximum $750 tax credit. 
• Individuals with a tax liability UNDER $750: If you give $750 to the CMA SGO but your Ohio tax liability is only $500, you would receive a credit of $500 and would not get the other $250 back when you file your Ohio taxes. 
• Married couples filing jointly with a 2024 Ohio income tax liability OVER $1500: Both spouses should make separate donations of up to $750 in their name. Your family can then claim the maximum credit of $1,500 on your tax return.