GOAL Scholarship Tax Credit
Redirect your Georgia State Income Tax Liability to Assist Students to attend
Redirect your Georgia State Income Tax Liability to
Assist Students to attend
Cumberland Academy of Georgia.
Cumberland Academy of Georgia encourages you to become one of our valued GOAL Contributors!
Georgia GOAL Scholarship Program – Click the button below to submit your 2024 GOAL Tax Credit Application today!
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 a Cumberland Academy of Georgia education.
Tax Credit Limits Based on Filing Status
TAX FILING STATUS | LIMIT | |
Single Filer | $2,500 | |
Married Separate Filer | $2,500 | |
Married Joint Filer | $5,000 | |
Pass-Through Owner (not making HB 149 election)* | $25,000 | |
C Corp, Trust, or Pass-Through electing to pay tax at the entity level (HB 149)* | 75% of annual 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.
How to Contribute & Take the Tax Credit
- Apply Now
Complete the 2024 GOAL Tax Credit Application today (takes just 20 seconds!).
- GOAL Submits to DOR
GOAL submits your 2024 application to the Georgia Department of Revenue (DOR) on the first business day of January 2024.
- Approved to Contribute
By mid-January 2024, GOAL and DOR notify you of the approved tax credit amount and payment deadline.
- Make Payment
Pay GOAL by check, credit card, or ACH within 60 days of DOR approval (by mid-March 2024).
- Take the Credit
GOAL will send you Form IT-QEE-SSO1 (tax receipt) in May 2024 for claiming the credit on your Georgia income tax return (Note: you will take the credit on the income tax return for the year in which you make the payment).
Please contact Valerie Laura, CFO, Director of Finance, at valerie.laura@cumberlandacademy.org with any questions.
Thank you for your support of Cumberland Academy of Georgia.