Support McGinnis Woods through Georgia Student Scholarship Organization
In 2008 the Georgia Generally Assembly passed House Bill 1133, allowing individuals and corporations to receive a Georgia income tax credit (and federal income tax deduction for those who itemize) for redirecting their state income tax payments to the GaSSO Scholarship Program.
GaSSO uses these contributions to provide private school scholarships to students who are automatically eligible to enroll in Pre-K, kindergarten, first grade or who are transferring from a Georgia public school.
This helps you lower out of pocket tuition. Eligibility
You are already paying income taxes to the state. Why not redirect your tax dollars to help school choice at no cost to you? When you redirect your Georgia income taxes to GaSSO, you can designate that the contribution be used to provide scholarships at McGinnis Woods. Thus, McGinnis Woods is able to:
- Increase the financial aid that it can offer new students
- Increase school enrollment
- Increase the funds available to improve educational offerings
What is the maximum amount I can contribute?
Tax Filing Status Maximum Donation allowed (From 2023):
- Individual $2500 (Previously $1000)
- Married filing Joint $5000 (Previously $2500)
- Married – Separate $2500 (Previously $1250)
- S-Corp / LLC -Individual Owner $25000 (Previously $10000)
- S-Corp / LLC – Joint $50000 (Previously $20000)
Click here for more information
How to Contribute:
Click here to submit your GaSSO Pledge online today.
Please start the simple redirect process today. Contact: mjohnson@mcginniswoods.org if you have questions or need assistance.
What Happens Next?
1. GaSSO submits pledges to DOR.
On the first business day of January, GaSSO submits your pledge application to the Georgia Department of Revenue (DOR).
2. Approved to Contribute.
GaSSO and DOR will notify you of your approval in mid January.
3. Make your donation.
Directly to GaSSO by check or credit card within 60 days of DOR approval (mid-March).
4. Parents apply for GaSSO Scholarship online.
5. Tax Credit receipt (January, for previous tax year)
This Georgia law is a tremendous school choice opportunity provided to us by our state legislators. The tax credit program has become so popular that $58 million in available credits was increased to $100 million in 2019.