Information & Forms
As you prepare your Georgia state taxes, take a moment to look at Form 500, line 16. This is the amount you pay in Georgia state taxes. Wouldn’t you like to see some of that money directly benefit Westminster? Under the HB1133, you are able to redirect up to $2,500 if you file jointly and $1,000 if you file separately. A C-Corp can redirect up to 75 percent of their state taxes. And starting in 2014, an individual who is a member of a limited liability company, shareholder or an “S” Corporation, or partner in a partnership (pass-through entities) is allowed a Georgia income tax credit for up to $10,000 of the amount they contribute to an SSO, as long as they would have paid Georgia income tax in that amount on their share of taxable income from the pass-through entity.
Through the GOAL Scholarship Program, these funds are made available to new students who have met the admission requirements at Westminster and show financial need after submitting all necessary information to the independent company SSO. This frees up budgeted money for current students who have financial need.
Please consider participating in GOAL for 2015.There is a state wide cap of available tax credits that is predicted to be met within a week after being submitted to the DOR in January. Early participation guarantees your tax dollars can benefit our school. Any Georgia tax payer can participate: parents, grandparents, aunts, uncles, friends, etc.
THE ONLINE APPLICATION PROCESS STARTS LIVE ON JULY 7, 2014, ALLOWING YOU TO GET IN LINE TO PARTICIPATE IN THE 2015 GOAL PROGRAM
GOAL will be accepting 2015 online applications, beginning on July 7, 2014, and 2015 mailed/faxed/emailed applications on August 1, 2014. Please consider participating NOW for 2015 before the tax credits are gone. Many people who wanted to participate last year were denied because there were no tax credits left.
GOAL Steps for Contributors
- Use the 2015 GOAL Paperless Process and participate online starting July 7, 2014.
– OR –
- Fill out the 2015 GOAL Tax Credit Form and give to Christal Duggan in the Lower School (the front desk) by August 1, 2014. She will make sure GOAL receives your form. GOAL will use this information to complete the form they send to the Department of Revenue (DOR).
– THEN –
- Once approved (sometime in early 2015) you may write a check to “Georgia GOAL Scholarship Program, Inc.” in the amount you wish to redirect to the GOAL Scholarship Program. *Do not write your check to Westminster. If you are approved by the DOR, GOAL will send you a confirmation letter to file with your 2015 Georgia tax return (or, if you file electronically, to hold in your tax file in case the DOR requests a copy in the future).
- You may also use the credit card option and fill out your credit card information on the contribution form.
- Or you may pay online here.