Georgia Scholarship Tax Credit: The Limits and the Federal Catch

Описание: Georgia gives a dollar for dollar income tax credit for gifts to private school scholarship organizations, the qualified education expense credit. The rules decide how much of it you actually get.

In this video:
The limits: $2,500 single, $5,000 joint, up to $25,000 for pass-through owners, 75 percent of tax for corporations
Why the statewide cap was fully preapproved by January 3, 2026, and why requests are prorated
House Bill 328 and the $150 million cap in the statute, while the Department page still shows $120 million
The 60 day window to pay after preapproval
Why the gift is generally not a federal charitable deduction, and the state tax safe harbor for itemizers
Why business owners should size the request to their real Georgia tax
How the new federal scholarship credit of up to $1,700 interacts from 2027

All figures in this video are general illustrations, not client outcomes, and the answer depends on individual facts.

📖 Full written guide: https://taxexperttoday.com/georgia-qu...
🔗 Primary sources:
O.C.G.A. 48-7-29.16 https://law.justia.com/codes/georgia/...
Georgia DOR, Qualified Education Expense Tax Credit https://dor.georgia.gov/qualified-edu...
Treas. Reg. 1.170A-1 https://www.law.cornell.edu/cfr/text/...
Treas. Reg. 1.164-3 https://www.law.cornell.edu/cfr/text/...
IRC section 25F https://www.law.cornell.edu/uscode/te...
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⚖️ DISCLAIMER
This video is provided by Tax Expert Today LLC for general educational and informational purposes only. It is NOT tax, legal, accounting, or financial advice, and viewing it does not create a client or representation relationship. Tax laws change and apply differently to each person's facts; outcomes vary and are never guaranteed. Forms, code sections, rates, and procedures referenced are current as of the publication date and are subject to change. Consult a qualified tax professional, such as an Enrolled Agent, CPA, or tax attorney, about your specific situation before taking any action.

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