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Sunday, March 10, 2013

2013 State Tax Credit Program


YOU CAN NOW APPLY FOR 2013 STATE TAX CREDIT PROGRAM!!!


This tax credit was passed into law in July, 2008. Fulton Science Academy Private School is excited about the law as it has financial benefits both for you and the school. The state has set aside $50 million in available credits each year, distributed on a first come first served basis.  Under the new law, you can redirect a portion of your Georgia income tax liability to provide financial aid scholarships to incoming Fulton Science Academy Private School students. You will receive a tax credit on your state income taxes and a charitable deduction on your federal incomes taxes for the amount of your contribution. 

How does it work? We have partnered with the Apogee Scholarship Fund (ASF), a state approved Student Scholarship Organization (SSO), to enable Fulton Science Academy to take advantage of this program. With a contribution to ASF, a Georgia state income tax credit is available to you for the tax year. Your contribution can be used as a charitable deduction on your Federal tax return. 

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