GA Education Tax Credit Scholarship

A new law has been passed that provides exciting possibilities for Foundations and its families. Under the new Georgia Private School Tax Credit, all tax payers are now eligible to receive a dollar for dollar state tax credit in exchange for their contribution to a state-approved Student Scholarship Organization, or SSO. Plus, your donation is deductible from your federal gross income as a charitable deduction to a 501(c)(3), thus actually lowering your federal tax liability as well. These donations can be directed toward eligible students (Pre-k and kindergarten) as long as that student is not claimed as a dependent on the donor's taxes.

We have partnered with the Pay It Forward Scholarship Fund, a Georgia 501(c)(3) Student Scholarship Organization, to administer the program on our behalf. Maximum contributions are $2,500 for married filing jointly and $1,000 for individuals per tax year. “C” Corporations can contribute up to 75% of their corporate tax liability and receive that full contribution as a dollar for dollar tax credit on state taxes.

For more information, please visit the Pay It Forward Scholarship website.