GA Private School Tax Credit

Many members of the Heritage community have redirected their state tax dollars to Heritage Preparatory School since the Georgia Private School Tax Credit was enacted in 2008. Through the efforts of those who have participated, almost $450,000 has been raised for financial aid since the program began. This opportunity has also provided those individuals, S-Corporations, LLCs and partnerships with both a state tax credit and a federal tax deduction.

It is no wonder that the popularity of the Georgia Private School Tax Credit program has continued to grow! In 2016, the $58 million cap was met on January 1, and the same is expected for 2017.

To ensure that you are able to participate, please click here to apply today for the Georgia Private School Tax credit program for 2017 (tax year 2016). All completed applications will be submitted by Apogee to the Department of Revenue on the first business day of January. Payment will not be due until March 2017.

To learn more about the Georgia Private School Tax Credit program and the Apogee Georgia School Choice Scholarship Fund, please click here to watch a brief video, click here for a program overview, click here for FAQ, or review the answers to some of the most commonly asked questions below. If you have additional questions, please contact John Panessa at jpanessa@apogee360.com or Matt Skinner at matt.skinner@heritageprep.org.

Thank you in advance for your continued commitment and support of Heritage Preparatory School through this beneficial tax credit program. The funds that you can help raise will allow students who might not have otherwise been able to attend Heritage, to receive the excellent, Christ-centered, classical education that we offer.

commonly asked questions

  • How does the Georgia Private School Tax Credit program work?

    Through the Georgia Private School Tax Credit program, the state sets aside approximately $50 million in credits available each year, to be distributed on a first-come, first-served basis. Through the Apogee Georgia School Choice Scholarship Fund, Georgia taxpayers can REDIRECT a portion of their state income tax dollars to a school of their choice to be used for financial aid to eligible students. Heritage has partnered with Apogee Georgia School Choice Scholarship Fund (Apogee), a state approved Student Scholarship Organization (SSO), to enable the Heritage community to take advantage of this program. With a donation to Apogee, a Georgia state income tax credit is available to you for the tax year the donation is made. Donors receive a dollar-for-dollar income tax credit against their state income tax liability. If you itemize deductions on your federal tax return, your donation is also allowed as a charitable tax deduction.

  • Why do we call it “REDIRECT”?

    Every Georgia taxpayer has the option to redirect a portion of their state income tax dollars to the school of their choice through the Georgia Private School Tax Credit Program. We are asking that, instead of sending those funds to the state, you redirect them to Heritage. Your contribution may also be divided between different eligible schools.
    How can this credit benefit Heritage and you?

    • Under this law, you can redirect a portion of your Georgia income taxes to provide financial aid assistance to incoming Heritage students who are currently enrolled in public schools.
    • You will receive a tax credit on your Georgia income tax liability and a charitable contribution deduction on your federal income taxes for the amount donated.
    • For married couples filing a joint return, the maximum tax credit-eligible contribution is $2,500 ($1,250 married filing separate); $1,000 for singles.
    • For pass-through entities, owners of S-corporations, LLCs and partnerships may contribute up to $10,000.
    • For C-corporations or trusts with a tax liability, up to 75% of their income tax liability or the actual amount donated, whichever is less, can be donated.
  • Who qualifies for the scholarships?

    Incoming students who are currently enrolled in a public school, have been home-schooled, or any rising pre-K, kindergarten, or first grade students who qualify for need-based financial aid at Heritage are eligible to receive these funds. Heritage Admission and Business Office distributes the available funds.

  • How does the Georgia Private School Tax Credit program relate to other fundraising at Heritage?

    Although the Georgia Private School Tax Credit program benefits Heritage, it is not a charitable contribution to Heritage. It is a charitable contribution to Apogee, benefiting Heritage financial aid. Please note that a contribution to Apogee, designated to Heritage, cannot be counted as a gift to the annual Heritage Fund.

  • Additional questions?

    To learn more about the Georgia Private School Tax Credit program and the Apogee Georgia School Choice Scholarship Fund, please click here to watch a brief video, click here for program overview, click here for FAQ, or review the answers to some of the most commonly asked questions below. If you have additional questions, please contact John Panessa at jpanessa@apogee360.com or Matt Skinner at development@heritageprep.org

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