Saturday, May 19, 2012

 

A new exciting state law allows you as individuals, families, and business managers/owners to redirect a portion of your Georgia income tax payments to benefit Providence Christian School students!

To make this possible for Providence Christian School family and friends, we are working in partnership with the Georgia GOAL Scholarship Program, a state-approved student scholarship organization.

You can receive a tax credit -- not just a deduction! -- against your Georgia income tax liability for money donated to GOAL. Maximum eligible amounts are:

Married/Joint Return - $2500 :: Individual/Single Return - $1000 :: Business - determined by type

What makes this so incredible is that you are not affecting your budget in any way...you are simply able to CHOOSE to have some of your income tax dollars donated to GOAL and designated for Providence Christian School that you as a taxpayer were going to give to the state government anyway!

To secure your Georgia state income tax credit for 2011, you must take the first step below and file the FORM IT-QEE-TP1 and GOAL Contribution Form before December 1, 2011.

1. Complete the FORM IT-QEE-TP1 and GOAL Contribution form and return them, along with your check made payable to Georgia GOAL Scholarship Program, Inc., to the Providence Christian School Office as early in 2011 as possible. We will mail it directly to the DOR for you.  (These forms are necessary so the DOR can confirm that the annual state-wide $50 million cap for this program has not been exceeded.)  IT IS IMPORTANT THAT YOU ACT AS SOON AS POSSIBLE TO ENSURE THAT FUNDS FOR 2011 ARE STILL AVAILABLE!

      Downloads: Georgia Form IT-QEE-TP1 (pdf) 

                             GOAL Contribution Form (pdf)

                           GOAL Credit Card Authoriztion Form

2. Within 30 days, you will receive a form back from the DOR approving your donation to GOAL.

3. Upon receiving your contribution, GOAL will send you an acknowledgement form (IT-QEE-SS01).  You will include both original forms (IT-QEE-TP1 and IT-QEE-SS01) with your tax return.

 

4. When filing your taxes, you get a direct credit against your Georgia income taxes for the amount of your donation, AND you get a charitable tax deduction on your federal taxes as well if you itemize deductions. What this means...you have spent NO extra money at all, you get your donation amount back because your Georgia taxes are reduced by that amount, you have exercised your right to CHOOSE for some of your tax dollars to help Providence Christian School students, and you get an EXTRA federal tax deduction!

 

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