Pre-approval to claim the credit on Form IT-QEE-TP2 is required. Once approved, the contribution must have been made within 60 days of the pre-approval notice.
Taxpayers that make a contribution to a student scholarship organization (operating pursuant to Chapter 2A of Title 20) must retain the letter of confirmation received from the student scholarship organization.
If the taxpayer is able to take the credit, the part of the federal charitable contribution that is taken must be added back to Georgia taxable income.
Individual Taxpayers Credit Limits:
- Single or Head of Household filers - $1,000 per tax year or actual amount- whichever is less
- Married filing a joint return - $2,500 or the actual amount- whichever is less
- Married filing separate returns - $1,250 or the actual amount- whichever is less
Single filers- amount of credit may not exceed tax liability. The excess may be rolled over for five years.
To claim this credit, go to the
- State Section
- Non IND-CR Credits
- Form IT-QEE-TP@ Qualified Education Expense Credit