GA Private School Tax Credit
The Christian Montessori School (CMS) has partnered with the Georgia Student Scholarship Organization, Inc (GASSO) to make it possible for you to redirect a portion of your Georgia income tax payments to provide scholarship assistance to current and incoming CMS students!
Under Georgia law, you are able to designate tax dollars that you are already paying anyway and direct them to CMS. You can fund scholarships for CMS students with no additional money out of your pocket! In addition, a donation to CMS can also earn a charitable deduction for federal tax purposes. As always, consult with your tax accountant.
Here are the simple steps you need to take to claim this credit:
1. Print and complete Form IT-QEE-TP1, the form that taxpayers MUST complete and file with the Georgia Department of Revenue to pre-qualify their contributions. This step is necessary because the DOR needs to make sure that all of the $50 million of annual Education Expense Credits that are available under the law have not been used by other schools. The sooner you do this the better chances of funds still being available. Form IT-QEE-TP1
2. Receive the Approved Form from the Georgia Department of Revenue.
3. Send donation check, copy of "Pre-Approval Form", and Donor Designation Form to GASSO.
4. GASSO sends the donor an acknowledgement form; IT-QEE-SS01 to be filed with donor's tax return; donor receives 100% state tax credit for amount donated; GASSO sends donor form to be filed with federal tax return.
Download:
If there are any questions, please contact Tom Brubaker at 912-230-5203 or tombrussi@gmail.com
Thanks for your continued support!