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Why is a tax designation to Xavier better than simply paying my tax obligation?

April 26, 2017obligation paying tax Xavier

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Why is a tax designation to Xavier better than simply paying my tax obligation?

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You are not paying out of pocket to support quality education through this tax credit. For example, if your state income tax obligation is $1,400 and you designate the maximum contribution, $1000, to Xavier College Preparatory, your income tax payment to the state is reduced to $400.