Msgr. Lafferty Tuition Foundation Program - credits are gone 12/8/16
The Monsignor Lafferty Tuition Foundation (MLTF) awards tuition grants to students attending Catholic schools in the Diocese of Sioux City. You can make an investment in education by donating to the MLTF and also receive an Iowa income tax credit certificate of 65% of your donation. We receive gifts ranging from $25 to $30,000!
2016 tax credits are currently gone. We can assist you with tax credits in other Catholic dioceses - call us at 732-3110 if you are interested in participating.
Here's how it works:
A gift of $1,000:
- $650 comes back to the donor as a credit on their State of Iowa tax liability
- $250 taken off as a standard federal deduction if in the 25% tax bracket
= a cost of only $100 to you to make a $1000 gift to tuition!