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GOAL: Georgia GOAL Scholarship Program, Inc.

Contribute for a tax credit

Four Simple Steps to Get Credit for Helping Kids!

Whether you are an individual taxpayer or a representative of a corporation, you should follow four simple steps to receive a tax credit for your contribution to the Georgia GOAL Scholarship Program.

The Taxpayer ID for Georgia GOAL Scholarship Program, Inc., which is required on Form IT-QEE-TP1, is 65-1280229.

  1. Get Pre-Qualified. Please download for completion this Georgia Form IT-QEE-TP1 (http://www.etax.dor.ga.gov/inctax/2008_forms/TSD_HB-1133_FORM_IT-QEE-TP1.pdf).  You need to file this simple, two-page form with the Georgia Department of Revenue to pre-qualify your contribution for the GOAL Scholarship Program.  The reason for this process is to make sure that the annual $50 million cap on Education Expense Credits has not been exceeded. (If you have any problems downloading the IT-QEE-TPI form you may also access it from the Georgia Department of Revenue website.)
  2. Confirmation. The Georgia Department of Revenue will review your form and confirm that the $50 million yearly cap has not been exceeded. The Department of Revenue will then send you a copy of the approved Form IT-QEE-TP1 by U.S. Mail. This will let you know that you can go ahead and make your contribution.
  3. Donate to Help Kids. After you receive your approved Form IT-QEE-TP1, you will have 30 days to make your donation to Georgia GOAL Scholarship Program, Inc. You can make your donation by sending a check in the mail. Along with your donation, you need to send a photocopy of the Form IT-QEE-TP1 to us.

  4. Get Credit! GOAL will send you a confirmation Form IT-QEE-SSO1 (http://www.etax.dor.ga.gov/inctax/2007_forms/TSD_HB-1133_FORM_ITQEE-SSO1.pdf), which, along with the approved Form IT-QEE-TP1, you will need to send in with your state tax return in order to claim the Education Expense Credit. (If you have any problems downloading the IT-QEE-SSO form you may also access it from the Georgia Department of Revenue web site.)

    Taxpayer filing guidance regarding the steps necessary to take the tax credit on the 2008 Georgia Form 500 Individual Income Tax Return is provided here: GOAL Scholarship- Taxpayer Filing Guidance.

You can read the full rules about the Education Expense Credit on the Department of Revenue's website here: http://www.etax.dor.ga.gov/inctax/proposed_regs/
GA_DOR_Rule_Promulgation_Notice_IT-2008-3.pdf

A hypothetical analysis of the income tax effects of taking the Georgia Education Expense Credit for individuals and corporations is available here.  This analysis is for illustrative purposes only and is not intended as tax advice applicable to an actual situation.  Potential donors to the GOAL Scholarship Program who intend to take the Georgia Education Expense Credit should consult with their tax advisors regarding the tax effects pertaining to their situations.