GOAL Scholarship Information

Old Suwanee Christian School

Your Georgia Income Tax Payments May Provide Scholarships to Old Suwanee Christian School

How to Re-direct Your Georgia Income Tax Payments to Provide Scholarships to Old Suwanee Christian School

You have a choice—pay income taxes to the state of Georgia or provide scholarships to low-income and middle-income families to attend Old Suwanee Christian School (OSCS).

HB 1133 is a new 2008 Georgia law that grants an income tax credit to individuals and corporations who contribute to qualified student scholarship organizations such as the Georgia GOAL Scholarship Program.

• Individuals contribute up to $1,000 and receive a corresponding credit against your Georgia income taxes.

• Married couples contribute up to $2,500 and receive a corresponding credit against your Georgia income taxes.

• “C” Corporations contribute up to 75% of your Georgia income tax liability and receive a corresponding credit against your Georgia income taxes. S Corporation shareholders and LLC members are limited to the individual tax credit limitations.

All contributions are also deductible for federal income tax purposes.

Complete the two-page Form IT-QEE-TP1, file it with the Georgia Department of Revenue (DOR), and send a copy to OSCS (or send the original to OSCS for filing with the DOR). Within 30 days, the DOR will send you the approved form. No contribution is required until you are approved to make your contribution. You can also decide not to make the contribution.
Within 30 days of receiving the approved form from the DOR, send a copy of the form and your contribution to “Georgia GOAL Scholarship Program” with Old Suwanee Christian School listed in the memo section of the check.
Georgia GOAL Scholarship Program will send you a Form IT-QEE-SSO1 acknowledging your contribution.
When you complete your Georgia income tax return, take the credit and file a copy of the Form IT-QEE-SSO1 with your return.