SAVE MONEY ON YOUR 2023 TAX BILL!
The Manhattan Public Schools wants you to be aware of a great opportunity to support your local public schools and the great things we are doing to enhance the experiences and opportunities for each student. As you may know, the 2021 Legislature authorized enhanced tax credit opportunities for Montanans to support their local public schools through HB 279.
Beginning on October 4, 2023, at 9:00 a.m., a limited number of Public School District tax credits for tax year 2023 will become available on the Education Donations Portal. As of September 1, 2023, there is $68,500 in PSD tax credits available for reservation to get a dollar-for-dollar tax credit on your 2023 state tax bill.
What this means is that you can help us expand our innovative educational programs that benefit our students through enhanced:
- transformational and advanced learning opportunities for our students;
- programs, services and equipment for students with disabilities;
- work-based learning partnership for our students;
- post-secondary credit or career certifications for our students; and
- technologies that improve student experiences and opportunities.
MAKE A DONATION EARLY!
Time is critical as this dollar-for-dollar tax credit is on a FIRST COME, FIRST SERVE BASIS so we are encouraging you to act quickly and consider a cash donation to your local public school. Here are some important caps to be aware of:
- Individuals or corporations can donate up to $200,000 per year for our school’s innovative educational programs; and
- The aggregate amount of tax credits that may be claimed statewide in 2023 is $2,000,000.
HERE IS HOW IT WORKS!
- The District is registered on the Montana Department of Revenue's (DOR) Education Donations Portal.
- When you make a cash donation to our District, make sure you tell us in writing that it is for “innovative educational programs.”
- You will need to provide the District with the following information:
- Your Name
- The last four digits of the Social Security Number (SSN) or Federal Employer Identification Number (FEIN)
- Your mailing address
- Your physical address
- Your Email address
- The District will enter this information together with the amount donated in the DOR Education Donations Portal
- Once the District records the donation in the DOR Portal, the DOR will pre approve the donation (so long as the individual and statewide thresholds noted above have not been exceeded) and you will receive a confirmation number and receipt that you will include when you file your 2023 taxes.
- The statewide aggregate threshold of $2,000,000 is tracked on the DOR Education Donations Portal homepage. You can view how much of the credit has been reserved, how much is available, and how much is pending.
If you have any questions about this great way to support our local public schools, please contact the Clerk of the District at 406-284-6460 or Dona Losett, MT DOR at 406-444-1991 or dona.losett@mt.gov.
