GA Qualified Education Expense Tax Credit

Georgia GOAL is now accepting applications for 2021

 

Click here to apply for your 2023 GOAL tax credit. 


The GOAL Program is a remarkable and important opportunity provided to Georgians by our elected officials.

In exchange for contributions to Georgia GOAL, our partner Student Scholarship Organization, taxpayers receive a 100% state income tax credit!

This is a proven opportunity that is a win-win-win for taxpayer donors, scholarship recipients, and our school community. By simply contributing to Georgia GOAL for a 100% Georgia income tax credit - in other words, by contributing with dollars you must spend anyway - you will help maximize financial aid for deserving families desiring to receive a Tallulah Falls School education.

 

Tax Credit Limits Based on Filing Status have been expanded, effective 2023!

  • Single individual or head of household – up to $2,500 (previously $1,000)
  • Married couple filing a joint return – up to $5,000 (previously $2,500)
  • Married couple filing separate returns – up to $2,500 (previously $1,250)
  • Pass-Through owner (not making HB 149 election) – up to $25,000 (previously $10,000)
  • C corporation, Trust, or Pass-Through electing to pay tax at the entity level (HB 149) – up to 75% of annual Georgia income tax liability
  • NEW for 2023: Business that pays insurance premium tax - 75% of annual tax liability, but credit shall not exceed $1 million

 

How to Contribute & Take the Tax Credit

  1. Apply Now.

Complete the 2023 GOAL Tax Credit Application today at www.goalscholarship.org (takes just 20 seconds!).

  1. GOAL Submits to DOR.

GOAL submits your 2023 application to the Georgia Department of Revenue (DOR) on the first business day of January 2023.

  1. Approved to Contribute.

By mid-January 2023, GOAL and DOR notify you of approved tax credit amount and payment deadline.

  1. Make Payment.

Pay GOAL by check, credit card, or ACH within 60 days of DOR approval (by mid-March 2023).

  1. Take the Credit.

GOAL will send you Form IT-QEE-SSO1 (tax receipt) in May 2023 for claiming the credit on your Georgia income tax return (Note: you will take the credit on the income tax return for the year in which you make the payment).

 

Need Help?

For additional information or help in filing for your tax credit, please contact:

Tallulah Falls School
attn: Sonya Smith
P.O. Box 10
Tallulah Falls, Georgia 30573
706-839-2021
sonya.smith@facilities.b-linedelivery.com