Get Pre Approved For The Georgia Private School Tax Credit Before Its Too Late

Get Pre Approved For The Georgia Private School Tax Credit Before Its Too Late

There has been a lot of chatter on the internet over the last few years regarding the Georgia Tax Credit program.  Many family’s that choose to send their children to private schools are now taking advantage of this program.  When I was researching the program I found a plethora of information, but I couldn't find simple step-by-step instructions on how to participate. To make things easy, below I listed an overview of the program and some simple steps:

Georgia offers a program for diverting your state taxes to the private school of your choice (GA Tax Credit Program).   Families can donate $2500 to the private school of their choice and the state will then give you a dollar for dollar tax credit against your state income taxes.  Instead of the $2500 going to the state, it goes directly to your private school of choice, who in turn applies the funds to the school scholarships and other school programs.   The state only allows the first 50 million of pre-approved funds in the year to be donated.  In 2013 the program maxed out in May and in 2014 it could max out as soon as March or April …. so if you want to participant don’t wait!  The bottom line is you are not actually donating anything out of your own pocket, you are just diverting your state tax funds to go directly to a private school.  One caveat is that you can’t donate more than you pay in state income tax.  Check your prior year tax return to verify the amount you pay in state income taxes. Another cool thing about the program is that you can get your family, relatives, and friends to also donate to the school your children attend.  Here is the Georgia Department of Revenue Link, which vaguely explains the program  

The process to participate is relatively simple:   

1.       Complete a donation pre-approval form with an SSO (Student Scholarship Organization).  First check with your school to see if they have a preferred SSO.  If not, there are several options like for pre-approval.

2.       Once you are approved you will receive a letter in the mail.  You then you have 60 days to send in the $2500.
3.       After the funds are received, you will receive the form that you will submit with your 2014 taxes.

4.       When filing 2014 taxes, you submit the completed form for a dollar for dollar tax credit against your state income tax.  You also take a $2500 charitable contribution on your federal return.   This federal deduction should end up being close to a wash with your state taxes (it doesn't allow double dipping by getting the $2500 credit plus deduction on federal).  See for an explanation on how that works.  You can also find great information regarding tax stuff here
I hope this helps!

Michelle Sanders Headshot
Phone: 770-570-7492
Dated: March 4th 2014
Views: 2,498
About Michelle: Michelle Sanders has closed over 50 million in residential real estate. She is recognized as a Kelle...

2 Responses

  1. Eleanor Standiford

    We want to get a preapproval through a Ga. Lending instutions before we can go any further with buying a home. We are presently residing in Ester Fl, with plans to have a second home in Ga. To be nearer to our daughter. Can you please advise us who would be interested in giving us a 20% down , 5year adj., or 30 yr. Thank you Dave &Eleanor Standiford


  2. Michelle Sanders

    HI Eleanor, I'm so sorry that I just saw your comment. The system did not send me a notification when you submitted your comment. If you are still looking, we can definitely help. Please call me at 770-570-7492


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