Don't miss out on this great opportunity to support the Athens Academy financial aid program and receive a dollar-for-dollar credit on your state taxes!
Athens Academy is pleased to participate in the Georgia Tuition Tax Credit Scholarship Program. Athens Academy partners with Apogee, a Student Scholarship Organization (SSO) to help Georgia taxpayers redirect a portion of their State tax liability to Athens Academy and receive a dollar-for-dollar credit. Funds received from the program are made available for qualified applicants in the school's existing financial aid program.
Due to the great demand for the program, all particpants must pre-register to receive the tax credit. It is expected that the program will "sell out" on the first day of 2018.
The state has placed a yearly cap on the amount of credit available at $58 million. That means that every school, tax payer, and corporation in Georgia is drawing from the same pool of credits. All participants who pre-register for the program are submitted to the DOR on January 1st of each year. For the last two years, the state has accepted applications representing more than $58 million and have pro-rated each pledge accordingly.
Apogee Scholarship Fund is Athens Academy’s partner in the process. Apogee is a state registered SSO (Student Scholarship Organization) as well as a 501c3 non-profit organization. Apogee’s primary function is to facilitate the process of distributing tax credits in exchange for donations and to disburse those funds for private school tuition scholarships.
Individual - up to $1,000 Married Filing Jointly - up to $2,500 Married Filing Separately - up to $1,250 each Pass through income from S-Corps, LLCs, and Partnerships - up to $10,000 C-Corps and Trusts - up to 75% of GA tax liability