Georgia GOAL Scholarship Program – Submit your GOAL Tax Credit Application today! The GOAL Program is a remarkable and important opportunity provided to Georgians by our elected officials. In exchange for contributions to Georgia GOAL, our partner Student Scholarship Organization, taxpayers receive a 100% state income tax credit! This is a proven opportunity that is a win-win-win for taxpayer donors, scholarship recipients, and our school community. By simply contributing to Georgia GOAL for a 100% Georgia income tax credit – in other words, by contributing with dollars you must spend anyway – you will help maximize financial aid for deserving families desiring to receive a Pinecrest education.
TAX CREDIT LIMITS BASED ON FILING STATUS
Tax Filing Status
|
Previous Limit
|
New Limit
|
Single Filer
|
$1,000
|
$2,500
|
Married Separate Filer
|
$1,250
|
$2,500
|
Married Joint Filer
|
$2,500
|
$5,000
|
Pass-Through Owner (not making HB 149 election)*
|
$10,000
|
$25,000
|
C Corp, Trust, or Pass-Through electing to pay tax at the entity level (HB 149)*
|
75% of annual tax liability
|
*Favorable state and federal tax laws and regulations allow pass-through businesses to achieve remarkable benefits through the GOAL tax credit: a state tax credit, a federal tax deduction, and a meaningful philanthropic impact!
Learn more.
HOW TO CONTRIBUTE & TAKE THE TAX CREDIT
- Apply Now
- GOAL Submits to DOR
GOAL submits your application to the Georgia Department of Revenue (DOR) on the first business day of January 2025.
- Approved to Contribute
By mid-January 2025, GOAL and DOR notify you of approved tax credit amount and payment deadline.
- Make Payment
Pay GOAL by check, credit card, or ACH within 60 days of DOR approval (by mid-March 2025).
- Take the Credit
GOAL will send you Form IT-QEE-SSO1 (tax receipt) in May 2025 for claiming the credit on your Georgia income tax return (Note: you will take the credit on the income tax return for the year in which you make the payment).
Please contact our
Development Office with any questions. Thank you for your support of Pinecrest Academy!