Georgia Tuition Tax Credit

List of 6 items.

• How do I participate in the program?

  All you have to do is either complete our easy paperless process or complete the paper form, and Apogee will submit the paperwork on your behalf.

• Is there a limit to how much I can give each year?

  Yes, the amount you can give is limited by your tax filing status:
  · Married Filing Jointly: Maximum of $2,500
  · Individual Filer: Maximum of $1,000
  · Married Filing Separately: Maximum of $1,250

• Can corporations get larger credits?

  Yes!  The state offers corporations and trusts an opportunity to participate at a higher level:

  • Individuals who receive pass-through income from S Corporations, Limited Liability Companies, and Partnerships can contribute up to $10k  
  • C-Corporations and Trust can contribute up to 75% of their Georgia tax liability

• Why aren’t participants receiving their full credit?

  The state had placed a yearly cap on the amount of credit available at $58 million. That meant that every school, tax payer, and corporation in Georgia was drawing from the same pool of credits. For the last two years, the state has accepted applications representing more than $58 million and have pro-rated each pledge accordingly. In 2017, the Georgia legislature increased the cap to $100 million, so participants will receive larger credits beginning in 2018.

• How do I know what my GA tax liability is?

  Your Georgia tax liability is typically 6% of your Adjusted Gross Income (AGI). You can also look at Line 18 of your Georgia tax return (Form 500) to learn your GA tax liability.

• Who or what is Apogee?

  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.