Beginning with the 2025-26 school year, the Parental choice Tax program will be aligned with the school year.
Pursuant to new legislation, students who attended an accredited private school physically located in Oklahoma and were approved and received the credit for Fall 2024 will automatically be approved for the Spring 2025 semester without having to reapply. The credit amount payable for Spring 2025 will be based upon the Fall 2024 installment disbursement payment amount.
*Please note, the automatic approval and payment is for the Spring 2025 semester only. Any taxpayer wishing to participate in the program for the 2025-2026 school year must reapply when applications open on February 18, 2025.
The Oklahoma Parental Choice Tax Credit provides parents of students in private schools a refundable tax credit ranging from a minimum of $5,000 up to a maximum of $7,500 per child. Refundable tax credits are called "refundable" because if you qualify for a refundable credit and the amount of the tax credit is larger than the tax you owe, you will receive a refund for the difference.
The tax credits will be tiered based on the household income for the second year preceding (meaning the 2023 tax year Adjusted Gross Income for the 2024 tax year credit).
Family Adjusted Gross Income (AGI)
Maximum Tax Credit Amount
(per child in private school)
$75,000 and below
$7,500
$75,000.01 - $150,000
$7,000
$150,000.01 - $225,000
$6,500
$225,000.01 - $250,000
$6,000
$250,000.01 and above
$5,000
FAQ
Q: When do applications open for the 2025-26 school year? A: February 18, 2025
Q: How does it work?
A:
The tax credits are tiered based on the household income for the second year preceding.
Priority applications MUST be submitted within the first 60 days to receive priority consideration.
Payments will be made in two installments – paid on or before August 30 and January 15.
The credit is now exempt from Oklahoma taxable income beginning in tax year 2024 and thereafter.
Q: How do I apply? A: Taxpayers must complete and submit an application online through the Oklahoma Tax Commission (OTC). Private school tax credits are exclusively claimed through the submission of an application. The credit CANNOT be claimed on the Oklahoma income tax return.
Unpaid Tuition: If our records show that you have not fully paid for this semester, your check (as required by law) must be signed over to Lincoln Christian School (LCS). It will then be applied to your account for future payments.
Endorsement Requirements: Only the spouse whose name is on the check may endorse it. Please bring a driver’s license or other valid state-issued ID; an ID is required to sign over the check.
If you have any further questions, please let us know!
