Georgia's Education Tax Credit Program
In 2008, Georgia’s lawmakers passed HB 1133, the Qualified Education Expense Tax Credit law, to give parents and students better access to more educational opportunities. The law allows:
The fund now has an annual donation limit of $120 million and since its inception, over $1 billion has been donated by Georgia taxpayers and businesses.
- Eligible students to use this scholarship to attend any Georgia private school of their choosing
- Georgia taxpayers to receive a dollar-for-dollar, state income tax credit for contributions
The fund now has an annual donation limit of $120 million and since its inception, over $1 billion has been donated by Georgia taxpayers and businesses.
**2022 Education Tax Credit fund is closed**
On 5/2/2022 the 2022 fund cap of $100 million was reached.
Therefore, the education tax credit fund has closed for the remainder of the year and no more donation can be made until it reopens in 2023.
Please make note of the donation limit changes that take effect in 2023 below.
Now, you can redirect even more of your Georgia income tax liability to provide scholarships for students!
Thank you to all of our 2022 donors and we look forward to working with you again in 2023!
Therefore, the education tax credit fund has closed for the remainder of the year and no more donation can be made until it reopens in 2023.
Please make note of the donation limit changes that take effect in 2023 below.
Now, you can redirect even more of your Georgia income tax liability to provide scholarships for students!
Thank you to all of our 2022 donors and we look forward to working with you again in 2023!
Huge opportunity for S-corps & Partnerships:
Claim a much bigger GA tax credit and pay less in Federal taxes!
Through HB 149, S-corporations and Partnerships can elect to pay their state income taxes at the entity level (like C-corps) and claim up to 75% of their GA income tax liability in tax credits.
In addition, the IRS allows donations made in exchange for state tax credits to be claimed as an ordinary and necessary business expense; saving thousands in federal taxes.
Donate with the Alyn Scholarship Fund & reduce your Federal taxes!
In addition, the IRS allows donations made in exchange for state tax credits to be claimed as an ordinary and necessary business expense; saving thousands in federal taxes.
Donate with the Alyn Scholarship Fund & reduce your Federal taxes!
Don't miss out in 2023. Go ahead and make your donation request today.
The Education Tax Credit program opens on the first day of business each January and now has a statewide cap of $120 million. Once the cap is reached, no further donation requests are approved for that year.
In 2022, the $100 million cap was reached in only five months. Even though the annual fund cap will increase to $120 million in 2023, we anticipate that all of the tax credits will be claimed faster than last year. So apply today.
In 2022, the $100 million cap was reached in only five months. Even though the annual fund cap will increase to $120 million in 2023, we anticipate that all of the tax credits will be claimed faster than last year. So apply today.