Time is running out

For a particular tax break.

Private schools and many churches across Georgia are reminding their supporters of Saturday’s soft deadline for a tax break that can benefit them and their contributors.

Individuals and companies can get an income-tax credit while making a donation that helps fund scholarships to private schools. They can’t use the scholarships for their own children’s benefit, but they can designate which school gets the funds.
So far, the Department of Revenue has approved $11.6 million on credits, leaving $38.4 million available before reaching the $50 million cap placed on the program when enacted last year. In the first year, $6 million went to provide scholarships for about 1,200 kids.

One comment

Comments are closed.