Apogee Tax Credit
What is the tax credit program?
How do the tax credits benefit Ben Franklin Academy?
How does this program benefit me?
How does this program work?
Georgia taxpayers can make a contribution within statutory limits to an SSO (Apogee).
The state of Georgia will then issue you an income tax credit in the full amount of your contribution.
The SSO qualifies as a charity for federal income tax purposes. Therefore, contributions made through this program generate a charitable deduction for taxpayers who itemize their returns.
The amount you may contribute depends upon your tax filing status:
|Married Filing Jointly||Maximum $2,500|
|Married Filing Separately||Maximum $1,250|
|Individual Filer||Maximum $1,000|
|Members of qualifying pass through entities||Maximum $10,000|
|C-Corporation||Maximum 75% tax liability|
When should I apply?
You should apply before December 15, 2019 so that there is time to process your application. The final deadline is December 31, 2019. Please apply online at www.Apogee123.org.
Payment will be due in March 2020, and your tax credit will apply to your 2020 taxes.
Ben Franklin Academy uses the Apogee Student Scholarship organization for processing our application. Applications for the 2020 tax year will be available in the spring.
How can I participate?
The state of Georgia has placed an annual cap on the total amount of tax credits that may be awarded through this program. There has been a dramatic jump in Georgia taxpayers taking advantage of this program as it has gained momentum. Applications for the 2020 tax year will be available in the spring.
Apply online at www.Apogee123.org.
Thank you for considering a contribution to Ben Franklin Academy’s financial aid through this program. Participation has never been easier. The entire application can be completed through an electronic, paperless process by clicking here. If you have any questions, please contact Amy Barnes at Abarnes@benfranklinacademy.org or 404-633-7404.