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Georgia GOAL Scholarship Program, Inc. 1 A Brighter Future Begins Today Harvester Christian Academy Tax Credit for Tuition Program.

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Presentation on theme: "Georgia GOAL Scholarship Program, Inc. 1 A Brighter Future Begins Today Harvester Christian Academy Tax Credit for Tuition Program."— Presentation transcript:

1 Georgia GOAL Scholarship Program, Inc. 1 A Brighter Future Begins Today Harvester Christian Academy Tax Credit for Tuition Program

2 Georgia GOAL Scholarship Program, Inc. 2 Redirect Georgia Income Taxes and Take Credit for Helping Kids and Harvester Christian Academy

3 Georgia GOAL Scholarship Program, Inc. 3 Hundreds of schools across Georgia are participating in the tax program. Harvester is one of them. As of 9/1/2010 more than $40 million of the $50 million allotted 2010 state tax dollars has been redirected to these schools. In January 2011, $50 million will be re-allocated for the program. Quick action from taxpayers is needed to secure funds for Harvester students before the end of the 2010 tax year. The deadline for 2010 is November 29, or until the funds are depleted…likely some time in September or October, 2010. Plan for 2011, reduce your with-holding. Send installment dollars quarterly. (Forms are needed with each installment).

4 Georgia GOAL Scholarship Program, Inc. 4 Redirecting your Georgia Income Taxes is Simple and Takes Less Than 5 Minutes Redirecting your Georgia Income Taxes is Simple and Takes Less Than 5 Minutes

5 Georgia GOAL Scholarship Program, Inc. 5 You Have a Choice HB 1133 is a 2008 Georgia law that grants an income tax credit to individuals and corporations who contribute to qualified student scholarship organizations (SSOs). Harvester has chosen to partner with the Georgia GOAL Scholarship Program (GOAL). The passage of HB 1133 was an incredible victory for the school choice movement and your participation in the program is critical to make this victory a meaningful one. Pay income taxes to the state of Georgia. Redirect those same tax dollars to students at Harvester allowing more financial aid options and increased revenue leading to program and campus improvements for all families. OR

6 Georgia GOAL Scholarship Program, Inc. 6 HB 1133 Requirements Individual and corporate taxpayers receive Georgia income tax credit for contributions to qualified Student Scholarship Organizations (SSOs) Individuals are limited to $1,000 (single); $1,250 (married filing separately); $2,500 (married filing jointly) C-Corporations can contribute and receive a tax credit for up to 75% of their Georgia income tax liability S-Corporation shareholders, LLC members and Partnership partners are subject to individual contribution limits Contributions are also eligible for federal charitable income tax deductionScholarships may only be awarded to eligible* students as defined by law. * Students must be enrolled in Georgia public school or eligible to enter PreK-4 or Kindergarten * Multiple year scholarships may be awarded * At Harvester, before scholarship consideration of any kind, students must apply and be accepted through the complete and rigorous admissions process applicable to all families.

7 Georgia GOAL Scholarship Program, Inc. 7 A Simple Two-Step Process for Taxpayers 1.Contribute to GOAL: Send the following items to Harvester Christian Academy Tax Program: (All forms can be downloaded from the website or requested from the Advancement Office) http://harvesteracademy.com/giving/tuition-tax-credit/tax-credit-forms/ – Complete the GOAL Scholarship Contribution Form – Sign page 2 of the IT-QEE-TP1 Form – Make your check payable to Georgia GOAL Scholarship Program. Credit card payments may also be made through a Credit Card Authorization Form found on the website. Harvester school officials and GOAL Scholarship Program officials will manage the paperwork and approval process from this point. 2.Claim the Credit: – File your Georgia income tax return and take the credit (GOAL will send tax filing instructions early in 2011 to assist you)

8 Georgia GOAL Scholarship Program, Inc. 8 For more information, please visit the HCA website http://harvesteracademy.com/giving/tuition-tax-credit/ or http://www.goalscholarship.org/ or Contact Paula Dobbs dobbs@harvesteracademy.com 770-942-1583, 208 http://harvesteracademy.com/giving/tuition-tax-credit/ http://www.goalscholarship.org/dobbs@harvesteracademy.com


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