Redirecting Your State Taxes

Your approved contribution will earn you a State of Georgia Tax Credit—up to $1,000 for a single individual or $2,500 for a married couple filing a joint return. Your approved gift is eligible for a Federal Tax Deduction as well which may be subject to various limitations. This means you can help local Jewish boys and girls grow in their Jewish identity at virtually no cost—or even a net savings! Also, *C* corporations who contribute to the ALEF Fund are eligible for a Georgia State tax credit equal to 75% of their state tax liability (or equal to the amount actually expended, whichever is less).

The tax credit program is limited to the first $50 million in contributions each year for the entire state program, so it’s urgent that you act quickly. This year’s program expires December 31.

Here’s how:

1. Request Pre-Qualification: Download Georgia Form IT-QEE-TP1. Once you have completed the form, forward it to the Georgia Department of Revenue to pre-qualify your contribution to the ALEF Fund at Georgia Department of Revenue, Qualified Education Expense Credit, 1800 Century Blvd NE, Suite 8301, Atlanta, GA 30345. Since there is a $50 million cap on Education Expense Credits, all requests need to be approved so that the cap is not exceeded. Please note: Taxpayer ID for the form is 26-2919210.

   Helpful Hints for the IT-QEE-TP1 form

2. Approval Process: The Department of Revenue will review your form to ensure that the $50 million yearly cap has not been exceeded. Then they will return to you by mail your approved form. Once you receive approval, you can make your donation.
3. Make a Contribution: Upon receipt of approval, you have 30 days to make your donation to the ALEF Fund by mailing your donation along with a copy of the IT-QEE-TP1 form and the Donor Designation Form. You may designate your donation to one or more participating schools or to the Undesignated scholarship pool to be divided among the schools. Please note that to maintain an unbiased scholarship process, the ALEF Fund does not share the names of donors with participating schools. However, if you wish, you are free to contact the school(s) to which you designated your donation to let them know.
4. Receive Tax Credit: Once your donation has been received, the ALEF Fund will send you a confirmation form (QEE-SSO1). You will need to submit this form and the approved IT-QEE-TP1 Form with your state tax return in order to claim the Education Expense Credit. In order to claim the credit, you must not file electronically.

Please be advised that the Education Expense Credits are subject to final Georgia Department of Revenue regulations which have not yet been issued.