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College Access Tax Credit

California Educational Facilities Authority

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The state’s new College Access Tax Credit is an unprecedented step to ensure California’s continued workforce development and economic success. Today, there are currently approximately $496 million available in 2018 College Access Tax Credits to benefit individual and corporate taxpayers; and, simultaneously award grants to our state’s lowest income college students. The application period deadline is 5 p.m. (Pacific Time) on January 2, 2019.

This new tax credit invests directly in California’s students while allowing contributors to receive a high return on their state and federal taxes. Upon contributing, participants qualify for both a 50 percent state tax credit and a significant deduction on their federal tax return.

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