Georgia Tuition Tax Credit
Providence Partners with Georgia GOAL
Georgia Tuition Tax Credit
The Georgia Tuition Tax Credit is a remarkable opportunity provided to Georgia taxpayers by our elected officials that allows individuals and businesses to receive a 100% tax credit on their GA taxes for redirecting a portion of their state income tax to provide financial assistance for Providence families.
You are already paying income taxes to the state. Why not redirect some of those taxes to provide tuition assistance for Providence students?
For Georgia Businesses
The popularity of this program (especially for GA business owners) caused the amount allowed for this program to be exceeded for 2024 causing pledges/applications to be prorated by more than 60%. We are expecting 2025 donations to be approved for 60% less than the amount you request.
This program also includes federal tax benefits.
What Happens Next?
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January 2025 - The Georgia Department of Revenue (DOR) will notify you of your approved donation amount (projected to be 60% less than you requested)
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March 2025 - Make tax payment by check or credit card within 60 days of DOR approval
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January 2026 - Submit IT-QEE (received from the GA DOR) with your 2025 tax return to claim the credit for the full amount of your donation on your 2025 Georgia income tax return.
How Much of My Taxes Can I Direct to Providence?
Georgia Businesses
Any amount up to:
75% percent of Georgia income tax liability - C Corporation, Trust or Pass-Through electing to pay tax at the entity level
Individuals
Any amount up to:
- $2,500 - Single individual or head of household
- $2,500 - Married couple filing separate return
- $5,000 - Married couple filing joint return