Income Guidelines for the Corporate (Means-tested) Tax Credit
(This chart will go into effect on July 1, 2017 and will be used for the 2017-18 school year)
Please refer to the following table for income limits by household size:
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Federal Reduced Program Guidelines--Effective 7/1/20117 through 6/30/2018
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|
2017-2018 School Year
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Reduced-lunch program
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Income Guidelines
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|
Household Size
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Reduced Lunch Annual Income
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Annual Income (column 2 x 185%)
|
|
1
|
$22,311
|
$41,275
|
|
2
|
$30,044
|
$55,581
|
|
3
|
$37,777
|
$69,887
|
|
4
|
$45,510
|
$84,194
|
|
5
|
$53,243
|
$98,500
|
|
6
|
$60,976
|
$112,806
|
|
7
|
$68,709
|
$127,112
|
|
8
|
$76,442
|
$141,418
|
|
add family member:
|
$7,733
|
$14,306
|
|
|
|
|
|
|
Scholarship Limit (K -- 8 )
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Scholarship Limit ( 9 -- 12 )
|
|
|
$5,300.00
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$6,600.00
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The maximum amount that can be given in scholarship for a student in the 2017-18 school year is: K-8 -- $5,300 and 9-12 -- $6,600