All 2023 Tax Credits Have Been Claimed!
Taxpayers can reduce their Georgia state tax liability with a 100% education credit and donate that money for Mount de Sales to use for scholarships. Qualifying students entering the Academy from a public school are eligible to receive this tuition assistance. For more information, watch our short video.
Taxpayers must sign up for the tax credit through GRACE Scholars Student Scholarship Organization. Click the “Register” button below to sign up online – it’s easy!
New! Enhanced Tax Credit Limits
Individuals with a W2:
- Single/head of household: $2,500
- Married filing separately: $2,500
- Married filing jointly: $5,000
Owners of S Corporations, LLCs, and Partnerships with a schedule K-1:
- Up to $25,000. The tax credit is 5.75% of the taxpayer’s Georgia estimated income from pass-through entities.*
- Up to 75% of its total state income tax liability
*HB149 Election: Reduced Federal Taxes, Larger Georgia Tax Credit for Owners of Pass-Throughs!
Pass-through businesses may elect to pay state income tax at the entity level rather than through owners’ personal income tax returns. This minimizes the negative impact of the $10,000 SALT cap restriction and means they are eligible for a tax credit as a C Corporation in an amount up to 75% of Georgia income tax liability.
Please consult your CPA or tax preparer regarding your individual situation.2023 Tax Credit Registration
If you do not receive an email confirmation after registering, please contact Melissa Bassett at GRACE Scholars at 770-920-7903.