GEORGIA QUALIFIED EDUCATION EXPENSE CREDIT
It is a blessing to serve the students of ECA. Each day our students are challenged academically and inspired spiritually to walk in the love and truth of God's Word.
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 public school or pre-k4, kindergarten or first grade eligible students with the opportunity to attend private schools. Georgia SSO is one of the SSOs created to implement the law.
The Georgia SSO provides tuition scholarships to children who desire to attend private K-12 schools. Only students who are Georgia residents enrolled in a Georgia secondary or primary public school or who are eligible to enroll in a qualified kindergarten program or pre-kindergarten program can receive Georgia SSO Scholarships.
How does participating in the Georgia SSO program benefit ECA families?
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It frees up existing financial aid to be directed toward current ECA families in need.
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It improves school wide enrollment and helps keep tuition costs down.
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It gives you, the taxpayer, an opportunity to decide how to spend Georgia income tax dollars (which you are already paying).
Who can Contribute?
If you currently pay Georgia state income taxes, you are eligible to redirect state income tax dollars to Georgia SSO for ECA. The amounts you can redirect are as follows:
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Individual filing: any amount up to $2,500 per tax year.
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Married, filing jointly: any amount up to $5,000 per tax year.
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S-Corporations, LLC & Partnerships: up to $25,000
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C-Corporations: any amount up to 75% of total tax liability.
How do I participate? Participation is EASY! Just follow these three steps:
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Make your donation to Georgia SSO.
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Registration: https://georgiasso.us/pledge-form/
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Make sure you list "Excel Christian Academy" in the memo line of your check.
After receiving your donation - Georgia SSO will then send you a donation receipt and a form (IT-QEE-SSO1) which you will attach to your state and federal return. Once you receive pre-approval, you then have 60 business days to donate to the Georgia SSO. In order to qualify for the credit, your donation must be post-marked by December 31. It is just that simple!
