STO Tax Credit
What’s this 65 percent tax credit and School Tuition Organization (STO) all about? It’s about supporting Christian education for St. Paul's Lutheran Church & School and making the most out of your charitable contribution. We are grateful to be included in this program of the Archdiocese of Dubuque. If you file an Iowa income tax return, your contributions to the Our Faith School Tuition Organization (STO) qualify for a 65 percent tax credit. That means for every $1,000 you donate, you receive an Iowa income tax credit $650, which reduces your Iowa tax liability by $650. Thus, a $1,000 contribution reduces your Iowa tax liability by a whopping $650 AND the entire amount of your gift qualifies for federal deductibility. Visit www.OurFaithSto.org or call 800-876-3546 ext. 219 or 307 to learn more.