Does your company owe Georgia state income taxes? Did you know you can easily transform those taxes into state-approved Tax Credits which are then used to fund scholarships for low-income Georgia students who are seeking high-quality k-12 education options?
AAA Scholarship Foundation is a state-approved administrator of Georgia QEE Tax Credits. This is one of five innovative AAA Tax Credit Programs that uses the proceeds of the tax credits to fund educational scholarships for eligible low-income children (up to grade 12).
This AAA Tax Credit Program allows you to redirect up to 75% of your company’s Georgia state income taxes (taxes your company already owes) to AAA – and receive a dollar-for-dollar tax credit in return!
The 2020 window to apply for the Georgia QEE Tax Credits (the “cap year”) opened on January 2, 2020, with $100 million in state tax credits available. The cap year closes when the credits are all claimed or on December 31, 2020, whichever occurs first. As of July 31, 2020, only $11,056,464 of the $100 million in tax credits remain available. Do not delay, claim your credits today!
In order to reserve your Georgia QEE Tax Credits, follow these 4 simple steps:
- Complete this very simple application.
- We will then submit your application to the Georgia Department of Revenue on your behalf.
- We will notify you once your tax credits are approved and you will have 60 days to remit payment to AAA in order to earn the approved tax credits.
- Lastly, you will claim your earned tax credits on your state income tax return. Unused tax credits may be carried forward up to 5 years.
Each state has specific guidelines determined by the laws of that state and the accountability guidelines of the AAA Scholarship Foundation. Please click on the links below to view more details on how your participation in AAA’s Georgia Tax Credit Program can help change lives and will cost you nothing!
Please contact our office at 888-707-2465 for additional assistance in reserving your AAA Tax Credits today and thank you!
AAA Tax Credit Program – Georgia QEE Tax Credits
Georgia Qualified Education Expense Tax Credit Summary – Click Here
Demographics of 2019-20 AAA Georgia Scholarship Recipients – Click Here