Tax Credit

Georgia Private School Tax Credit

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DUE TO SOME CHANGES IN THE DONATION PROCESS, WE ASK THAT YOU FOLLOW THE SIMPLE DIRECTIONS BELOW.  THANK YOU FOR YOUR DONATION AND YOUR SUPPORT OF OUR CHILDREN AND OUR SCHOOL.

Please find below the information and resources to better explain the tax credit and your options for donating. You can go to the donation page to begin the process.

How to Donate?

To learn more about the Apogee Georgia School Choice Scholarship Fund, please visit www.apogeescholarships.org.

After clicking on the link above, please click on REDUCE YOUR TAX BILLL SUPPORT EDUCATION for the forms necessary to donate to our school.

New Apogee form

Georgia QEE Form

 

What is the Qualified Education Expense Credit?

This tax credit was passed into law in July, 2008. RSCA is excited about the law as it has financial benefits both for you and RSCA. 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 RSCA and myself?

Under the new law, you can redirect a portion of your Georgia income tax liability to provide scholarship assistance to incoming RSCA 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 Georgia School Choice Scholarship Fund, a state approved Student Scholarship Organization (SSO), to enable the RSCA community to take advantage of this program. With a donation to the Apogee Georgia School Choice 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.

Tax Credit Amounts by Filing Status

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 expended or $1,000 per tax year, whichever is less.

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 expended or $2,500 per tax year, whichever is less.

Electronic filing of state individual income tax return will not be available for taxpayers claiming this credit.
Corporate Donor State income tax credit limit up to 75% of the corporation's income tax liability or the actual amount donated, whichever is less.

Option to NAME a dedicated scholarship fund in company's name.

Who qualifies for the scholarship?

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

For additional questions or assistance, please contact RSCA or John Panessa (404-419-7123 @ Apogee).

Resources Additional Information

Parents or Guardians interested in applying for RSCA scholarships should contact the school.

Apogee Georgia School Choice Scholarship fund officials will work closely with existing private schools and scholarship committees in the awarding of scholarships.