Oklahoma’s Parental Choice Tax Credit Act
In May 2023, at the urging of the grassroots efforts of our sister organization—Americans for Prosperity Oklahoma—Governor Kevin Stitt signed HB 1934, the Parental Choice Tax Credit Act into today. The Parental Choice Tax Credit puts parents in the driver’s seat and empowers every Oklahoma family to decide how and where to educate their students, regardless of their zip code or socioeconomic status.
Simply put, kids win. This truly historic education tax credit will change the lives of generations of Oklahoma kids. Families finally have real choice in the school that best meets their needs.
– Americans for Prosperity – Oklahoma State Director, John Tidwell
The Oklahoma Parental Choice Tax Credit Act gives families the power and the choice to direct their children’s education with a refundable personal-use tax credit that provides $1,000 per child for families who choose to homeschool and the following amount to families who choose to send their children to private or charter schools:
- $7,500 per student in households earning under $75,000
- $7,000 per student in households earning $75,000-$100,000
- $6,500 per student in households earning $150,000-$225,000
- $6,000 per student in households earning $225,000-$250,000
- $5,000 per student in households earning over $250,000