GOAL Scholarship Tax Credit
Georgia GOAL Scholarships are now available to Sophia Academy students through the Georgia Tax Credit!
Through tax credits taken individually and by corporations, Sophia Academy has been able to offer scholarship opportunities—and the growing fund has allowed more families to enroll. Designed to provide public school students better opportunities for K-12 private school choice, GA GOAL Scholarship Program is the Student Scholarship Organization (SSO) with which we have aligned.
Each calendar year, as long as there is room available under the $51 million cap on tax credits established by HB 1133, a married couple filing a joint return can re-direct up to $2,500 and individuals up to $1,000 of their income tax payments to GOAL. Additionally, a “C” corporation can receive a tax credit for amounts contributed to GOAL, up to 75% of their GA income liability. You designate your portion to a specific school and GOAL Scholarship Program will disburse to qualified students as they are accepted by the school.
Steps to Obtaining a GOAL Scholarship Tax Credit:
- Seek Approval: Complete the 2-page Form IT-QEE-TP1 (TP1) and give to Cathi Athaide at Sophia Academy to mail with check made out to GOAL Scholarship. You may turn in the check at this time and it will be deposited when you are approved. Please indicate the school’s name on the memo line.
- Receive Approval: Within 30 days, the DOR will send you back the approved TP1.
- Make your Contribution: Immediately upon receiving the approved TP1, mail a copy of this approval to GOAL or send to Sophia Academy for mailing the approved TP1 and your check to “Georgia GOAL Scholarship Program” – with “Sophia Academy” written in the memo section of the check.
- Claim the Credit: GOAL will send you a Form IT-QEE-SSO1 (SSO1) acknowledging your contribution. When you complete your Georgia income tax return, take the credit. GOAL will send tax filing instructions.
Click here for more information on Georgia's GOAL Scholarship Program.
