Georgia GOAL
Georgia GOAL is a win-win for you and Wesleyan!
The Georgia Private School Tax Credit program, known as Georgia GOAL allows Georgia taxpayers to designate tax dollars to specific independent schools in the state. The schools utilize these funds to provide need-based financial aid to students and families. Wesleyan School uses the services of Georgia GOAL to administer this program. Well-respected across the state, you will often hear many in our community refer to the overall program as Georgia GOAL.
How does it work?
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You tell the state how you want your tax dollars used and you get a tax credit.
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Once you are notified after the first of the year that you are approved to participate, you have 60 days to fund your contribution.
- The tax credit can then reduce your tax liability to the state of Georgia the following tax year.
- If you designate Wesleyan as the recipient school, Wesleyan receives the contributions from the state, and this funding goes to support much needed financial aid for our students.
| Maximum contribution amounts | |
|---|---|
| Single filers | Up to $2,500 |
| Married separate filer | Up to $2,500 |
| Married joint filer | $5,000 |
| Pass-through owner (not making HB 149 election) | Up to $25,000 |
| C Corp, Trust, or Pass-Through electing to pay tax at the entity level (HB 149) | Up to 75% of annual tax liability |
| Business that pays insurance premium tax | 75% of annual tax liability, but credit shall not exceed $1 million |
