Georgia Private School Tax Credit

Please find below the information and resources to better explain the tax credit and your options for donating. Donate Now.


What is the Qualified Education Expense Credit?

This tax credit was passed into law in May, 2008. High Meadows is excited about the law as it has financial benefits both for you and High Meadows. The state has set aside $50 million in available credits each year, distributed on a first come first served basis.

How can this tax credit benefit both High Meadows and myself?

Under the new law, you can redirect a portion of your Georgia income tax liability to provide scholarship assistance to incoming High Meadows students that are currently enrolled in public school. You will receive a tax credit on your state income taxes and a charitable contribution deduction on your federal incomes taxes for the amount donated. For married couples filing jointly, the maximum tax credit-eligible contribution is $2,500 ($1,000 as an individual).

How it works?

We have partnered with Apogee Scholarship Fund, a state approved Student Scholarship Organization (SSO), to enable the High Meadows community to take advantage of this program. With a donation to the Apogee Scholarship fund, a Georgia state income tax credit is available to you for the tax year the donation is made. Your donation can be used as a charitable contribution deduction on your Federal tax return.
   Directions to Donate


RESOURCES

Georgia Dept. of Revenue

Georgia Dept. of Education

Apogee Scholarships

Authorization Form

Form IT-QEE-TP1


ADDITIONAL INFORMATION

For additional questions or assistance, please contact High Meadows or John Panessa (404.419.7123) at Apogee. You can also email John directly at jpanessa@apogee360.com.

Tax Credit Amounts by Filing Status

The tax credit is a “non-refundable” credit. You cannot receive a refund for more than your Georgia tax liability. Any excess credit can be carried forward for up to five years.

For Individual A single individual or head of household will receive a credit against their Georgia income tax liability in an amount equal to the actual amount of tax redirected, up to a maximum of $1,000.00 per tax year.

Electronic filing of state individual income tax return will not be available for taxpayers claiming this credit.
   
   
Married Filing Jointly The amount of the tax credit is equal to the actual amount of tax redirected, up to a maximum amount of $2,500.00 per tax year.
   
   
Corporate
Donor		 State income tax credit limit up to 75% of the corporation’s income tax liability or the actual amount of tax redirected, whichever is less.


Who qualifies for the scholarship?

A Georgia resident enrolled in secondary or primary public school or eligible to enroll in a qualified first grade, kindergarten, or pre-kindergarten program.

How to Donate?

You can find all the resources necessary to apply for this tax credit on our website. Go to our Directions to Donate section to begin the process.

For additional questions or assistance, please contact High Meadows or John Panessa (404.419.7123) @ ASF. To learn more about the Apogee Scholarship Fund, please visit www.apogeescholarships.org.