The Qualified Education Expense Credit program, HB 325 (Tax Credit Scholarship) was passed into law in 2008. Although there have been a few changes, the bills are centered around providing tax credits to Georgia tax-payers who wish to support families seeking educational alternatives to Public School.
YES! A TAX CREDIT!
You can make a donation to a State registered SSO, and receive a dollar-for-dollar Georgia tax credit, AS WELL AS a Federal charitable contribution deduction.
- $
58,000,000$100,000,000 maximum allocated by the state each year - The amount you can give is limited by your tax filing status:
- Married Filing Jointly: Maximum of $2,500
- Individual Filer: Maximum of $1,000
- Married Filing Separately: Maximum of $1,250
- Individuals who receive pass-through income can contribute up to $10k
- C-Corporation: Up to 75% of GA tax liability
HB 217 passed and the maximum cap has been raised to $100 million! (3/31/18)
Here is a video explanation of how this works
or visit www.apogee123.org
Families who contribute to the Tax Credit scholarship will receive a tuition credit of 40% of the approved donation. Note that the approved donation may be lower than your pledged amount, depending on whether total pledges in the state exceed $58 million.
Lifetime Donations to Brookwood Christian: $46,606.76
2017 Tax Credit Donors ~ $7,500 raised
Ashley & Troy Davis
Megan Harpine
Cyndi & John Parr
Karen & Stephen Pitts
Lori & Stephen Prather
Tammy & James Urban
Kim & Kevin Wigington
2016 Tax Credit Donors ~ $7,904.58 raised
Sherry & Stephen Crawford
Kathy & Sean King
Valerie & Karl Kratina
Cyndi & John Parr
Debbie & Chris Pike
Lori & Stephen Prather
Janice & Dadwin Singletary
Kim & Kevin Wigington
