Provide a MV Education through GA Tax Credit Program

Dec 5, 2013 | Uncategorized

The Georgia Tax Credit Program allows you to redirect a portion of your state income taxes to Mount Vernon, so students transferring from public schools might receive financial assistance. This year, the statewide program cap of $58 million is expected to be met by February 1, 2014. We ask that you act as soon as possible to ensure that you receive the tax credit and the School receives the financial aid funds for this calendar year.

Contributors receive a dollar-for-dollar credit on their state income taxes. These funds can then be used by Mount Vernon to provide financial assistance to gifted students transferring from public schools. This opportunity is available to anyone who pays Georgia state income taxes. Each student receiving a scholarship from GTCP funds has been awarded the opportunity to dream big and be prepared for the 21st century by attending our School.
Click here to PREREGISTER NOW!
Early applications are currently being accepted (consider this a “pledge,” as your actual payment will be made sometime between January and March, 2014). The online forms can be filled out in minutes at www.apogee123.org.Repeat Applicants – Click here
A new one step process makes redirecting your tax dollars easier than ever!
The amount you may redirect is limited by your tax filing status:
Married Filing Jointly: Maximum of $2,500
Individual Filer: Maximum of $1,000
Married Filing Separately: Maximum of $1,250
Individuals with pass-through income: Maximum of $10,000
C-Corps: Up to 75% of GA tax liability
*New in 2013, Individuals with pass-through income (Partners, LLC members and S-Corporation shareholders) can redirect up to $10,000 to the credit rather than the individual $2,500 per couple limit from prior years. You still get a dollar for dollar tax credit on your Georgia state income tax return, but with a higher contribution limit, based on your pass through income.