SAE is partnering with Georgia GOAL to create a scholarship fund to benefit our students and families. In 2008, the Georgia General Assembly passed House Bill 1133 and Governor Sonny Perdue signed it into law. The law provides for the creation of student scholarship organizations (“SSOs”) that use Georgia income tax credit-eligible contributions to provide the opportunity for public school students or any pre-k4, kindergarten, or first-grade eligible students to attend private schools. Georgia GOAL Scholarship Program, Inc. is one of the SSOs created to implement the law.
When you file your income tax return, you will receive a credit against your Georgia income taxes and a charitable deduction on your federal income taxes for your contribution to GOAL. You may still file your returns electronically if you elect to take this credit.
There is an annual cap on this program which is usually met early in the tax year. For more information and answers to specific questions – and to make sure you don’t miss this opportunity – contact Scott.Starowicz@SAEschool.org.
Here’s How You Can Get a Tax Credit and Support The SAE School
Step 1. Redirect your tax dollars to Georgia GOAL
Sending the following items directly to:
The SAE School
Attention: Office of Admissions
P.O. Box 813749
Smyrna, GA 30081
B. A check made payable to “Georgia GOAL Scholarship Program, Inc.” or credit card payment in the amount of your contribution. (Your payment will be deposited only when GOAL receives your Approval Letter from the DOR.)
The SAE Admissions Office will forward your paperwork and payment to GOAL, whereupon GOAL will submit your Form IT-QEE-TP1 to the Department of Revenue for approval. Once GOAL obtains your Approval Letter from the DOR, GOAL will process your contribution and send you an acknowledgment letter and tax receipt.
Please note: the Georgia Department of Revenue will also send you a copy of your Approval Letter. If you have already made your payment to GOAL, no further action is required on your part.
Step 2. Claim the credit
When you file your income tax returns, you will receive a credit against your Georgia income taxes and a charitable deduction on your federal income taxes for your contribution to GOAL. You may still file your returns electronically if you elect to take this credit.
A. GOAL will send you a Form IT-QEE-SSO1 contribution acknowledgment form to be filed with your taxes.
B. GOAL will send taxpayer filing guidance early next year and/or will post taxpayer filing guidance on its website.