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 an LCA education.
We would like to help clarify any questions you may have regarding this great opportunity and make sure you are aware of certain deadlines throughout the year. Please review the FAQs below, go to the GOAL Scholarship website, or contact Doug Monda or Stephanie Wilson.
Thank you in advance for creating opportunities for new students!
Tax Credit Limits Based on Filing Status
Single Filer: $2,500
Married Joint Filer: $5,000
Married Separate Filer: $2,500
Pass-Through Owner (not making HB 149 election)*: $25,000
For more information on Pass-Through Businesses, click here.C Corp, Trust, or Pass-Through electing to pay tax at the entity level (HB 149)*: 75% of annual state 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.
APPLY: Complete the GOAL Tax Credit Form.
In order for LCA to obtain your contributions, enter “Loganville Christian Academy” in the Designated School box on the GOAL Tax Credit Form.
GOAL Submits to DOR: GOAL submits your application to the GA Department of Revenue on January 1.
Approve to Contribute: By mid-January 2023, GOAL and DOR notify you of the approved tax credit amount and payment deadline.
Make Payment: Pay GOAL by check or credit card within 60 days of DOR approval notification. If paying by check, the check is to be made out to the Georgia GOAL Scholarship Program, Inc. with LCA designated in the memo section of the check. Checks can be submitted to Stephanie Wilson, who will submit to GOAL on your behalf or can be mailed directly to GOAL at the address below:
Georgia GOAL Scholarship Program, Inc.
3740 Davinci Court
Suite 375
Peachtree Corners, GA 30092
Take The Credit: Upon receipt of your contribution, GOAL will send you Form IT-QEE-SS01, which you will use when you prepare your Georgia State tax return. You can claim a direct credit against your Georgia income taxes for the amount of your contribution, and you get a charitable tax deduction on your federal taxes if you itemize your deductions.
+ Is there a website for the program?
Yes, the web address is www.goalscholarship.org
+ Which students are eligible to receive scholarships through Georgia GOAL?
A student is eligible to apply for GOAL if they are enrolling from the public school system, or if they are an incoming Pre-K through first grade student, or if the student has been enrolled for at least one year in a qualified Home Study Program (as defined by the Georgia Department of Education). Families of these students must also financially qualify for GOAL by completing an assistance application and providing a copy of their previous year’s tax return and W-2.
+ Will my contribution go to a LCA student only?
You will be able to designate LCA when you send your contribution in to Georgia GOAL, but you will not be able to designate a particular student.
+ Is there a maximum a student can receive?
Yes, the maximum scholarship is 85 percent of LCA’s tuition or $10,000, whichever is less.
+ Can the same student receive scholarship money for more than one year?
Yes, students must qualify each year, but there is no time limit to receive the scholarship money.
+ Where do contributors designate which school they wish to appropriate funds?
Contributors can designate the school or their choice in the memo portion of the check they write to Georgia GOAL Scholarship Program.
+ What if a contributor overestimates state taxes and pays too much to Georgia GOAL Scholarship Program?
The amount paid by individuals can be rolled over to the next tax year for up to five years. Corporations, Partnerships, and LLCs need to consult their tax professional for their applicable carry forward rules.
+ Is there a deadline to contribute?
Donors must make the contribution to Georgia GOAL within sixty days of the approval date printed on the Georgia Department of Revenue approval letter.
+ What if a contriutor changes his mind about the amount he wishes to contribute after he receives approval from the state?
The amount can be changed to a lower amount. A contributor cannot increase the amount previously designated on the application form.
