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 $1,250 for each individual if a married couple files singly, 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 to contribute to the ALEF Fund:
Download Georgia Form IT-QEE-TP1. You can type your information directly into the form. Once you have completed the form, if you would like the ALEF Fund to file your approval with the Georgia Department of Revenue for you, follow the simple directions below:
- Complete the form and make a copy to keep
- Download and complete the Donor Designation Form which allows you to designate your donation to one or more participating schools or to the Undesignated scholarship pool to be divided among the schools. Please note that the ALEF Fund will only share your name with the schools to which you donate if you give your permission as indicated on the form.
- Send both forms along with your donation check or credit card number to: The ALEF Fund, 1440 Spring St. NW, Atlanta, GA 30309.
The ALEF Fund will take care of everything else! Once we receive your approval from the Georgia Department of Revenue, we will process your contribution and send you a contribution acknowledgment letter, a copy of the approval form, and the confirmation form you’ll need to file with your 2010 taxes to claim the Education Expense Credit. It’s that simple.
Helpful Hints for Completing the IT-QEE-TP1 form
If you prefer to file for approval yourself, here’s how to do it:
- Complete and forward the IT-QEE-TP1 to the Georgia Department of Revenue, Qualified Education Expense Credit, 1800 Century Blvd NE, Suite 8301, Atlanta, GA 30345.
- 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 must make your donation within 30 days, and can do so by mailing a check or credit card number, a copy of the IT-QEE-TP1 form, and the Donor Designation Form to The ALEF Fund, 1440 Spring St. NW, Atlanta, GA 30309.
Once your donation has been received, the ALEF Fund will send you a contribution acknowledgment letter, and the confirmation form (IT-QEE-SSO1) that you need to submit along with the approved IT-QEE-TP1 when you file your state taxes.
Please be advised that the Education Expense Credits are subject to final Georgia Department of Revenue regulations.