GOAL: Georgia GOAL Scholarship Program, Inc.
GOAL: Georgia GOAL Scholarship Program, Inc.

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Contribute for a Tax Credit

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The GOAL Scholarship Program offers a streamlined method for contributing for a tax credit. You may choose to work with the Development Office of the GOAL Participating School you intend to designate. Otherwise, follow the simple instructions below:

1. Contribute to GOAL

Send the following items directly to Georgia GOAL Scholarship Program at Five Concourse Parkway, Suite 200, Atlanta, GA 30328.

  • A completed GOAL Tax Credit Form
  • A copy of page 2 of Form IT-QEE-TP1 pre-approval form, signed by you at Part C (GOAL will complete the form for you and submit it to the Georgia Department of Revenue)
  • A check made payable to “Georgia GOAL Scholarship Program, Inc.” or credit card payment in the amount of your contribution (your payment will be deposited only when GOAL receives your Approval Letter from the DOR)

2. Claim the Credit

File your Georgia income tax return and take the credit.

  • GOAL will send you Form IT-QEE-SSO1 contribution acknowledgment form
  • A copy of Form IT-QEE-SSO1 will need to be filed with your tax return along with a short Form IT-QEE-TP2, which will be available at tax time
  • GOAL will send taxpayer filing guidance early next year and/or will post taxpayer filing guidance on its website

By Georgia law, the taxpayer and the student scholarship organization (GOAL) will both receive a copy of the taxpayer’s Approval Letter from the DOR. If you have already submitted payment to GOAL, please simply keep this Approval Letter for your records. GOAL will process your payment.

To receive the Qualified Education Expense Credit for 2012, you must send your payment to GOAL by 12-31-2012.

 

A hypothetical analysis of the income tax effects of taking the Georgia Education Expense Credit for individuals and corporations is available here.  This analysis is for illustrative purposes only and is not intended as tax advice applicable to an actual situation.  Potential donors to the GOAL Scholarship Program who intend to take the Georgia Education Expense Credit should consult with their tax advisors regarding the tax effects pertaining to their situations.