|
By Kathy Barrett and Mike Sklar
Recently, the State of Georgia enacted a tax credit effective for 2008 that will allow many Georgia taxpayers a credit against Georgia income taxes as well as a deduction for Federal income taxes. The Georgia Private School Tax Credit law allows eligible private citizens and corporations to receive Georgia tax credits for donations to Georgia Student Scholarship Organizations (SSOs). SSOs also qualify as charitable organizations for IRS purposes, and will provide student scholarships to help cover the cost of a private school education for children in the state of Georgia.
|