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The Indiana State Scholarship Tax Credit program allows accredited schools such as Harmony to raise funds to support scholarships. When you make a donation to Harmony School using these tax credits, 50% of your donation comes dollar for dollar off your Indiana state income tax bill, and, you will receive a deduction on your federal income tax return if you itemize – please consult your accountant. For every $1,000 you contribute to The Harmony School Fund at Sagamore Institute your out-of-pocket expense could be as little as $315 for individuals and corporations depending on your tax bracket and if you itemize. This tax credit program has NO maximum donation limit and credits may be carried forward up to 9 years and applied to offset a donor’s future Indiana tax liabilities.