Final answer:
The statement is False. While individuals can donate to schools and educational institutions, these donations are generally tax-deductible rather than refunded.
Step-by-step explanation:
The statement "Individuals can donate up to $200 to a school and have that money refunded to them on their income taxes." is False.
While individuals can donate to schools and educational institutions, these donations are generally tax-deductible rather than refunded. Tax-deductible donations allow individuals to deduct the donated amount from their taxable income, reducing the amount of tax they owe.
Therefore, individuals can receive a tax benefit from donating to schools, but they will not receive a direct refund of the donated amount on their income taxes.