In 2008, the Georgia General Assembly passed into law House Bill 1133 which allows individuals and corporations to choose to redirect a portion of their Georgia state income tax dollars for need based financial aid. Cornerstone Christian Academy has partnered with Georgia GOAL, a state approved Student Scholarship Organization, as required by law to administer this tax credit program.
These are tax dollars that you are already paying to the state. This tax credit allows you to take up to $2,500 of your Georgia state income tax, and gives you a dollar for dollar income tax credit against your Georgia state income tax liability. Contributions to GOAL are also deductible for federal income tax purposes. Owners of S-Corps, LLCs and Partnerships may contribute up to $10,000 for a tax credit.
How can I participate?
Anyone who pays Georgia income tax is eligible to participate.
Reserving a spot to contribute is essential again this year since Georgia GOAL predicts that the $58 million in available tax credits will be gone by the first week of January, 2015. Reserving your spot to contribute only means that you are in line for your paperwork to be submitted to the Department of Revenue for approval in January, 2015. After the DOR approves your contribution (usually takes around 30 days), then you have 60 days to make your payment (can also be done online).
Please use the online paperless processing link below to reserve your spot to contribute, or access the Georgia GOAL website.
Corporate gift matching is also available with this tax credit.
For more information please contact:
5295 Triangle Pkwy
Peachtree Corners, Georgia 30092
Phone: (770) 441-9222
Fax: (770) 441-9380