PEACH Education Tax Credit
What is the PEACH Education Tax Credit?
Georgia’s PEACH Education Tax Credit gives individuals and businesses an opportunity to support their local public school district while receiving a dollar-for-dollar credit toward their Georgia state income tax liability. Through the program, eligible taxpayers can direct a portion of the state income taxes they would otherwise owe to support public education right here in Social Circle.
How Does PEACH Support Social Circle City Schools?
Contributions designated for SCCS come directly to our district to support educational opportunities for our students. PEACH funds can provide additional resources and help support programs and learning opportunities beyond what may be possible through traditional funding sources. By participating, individuals and businesses have an opportunity to keep tax dollars local while investing directly in our students and schools.
How Does the Tax Credit Work?
Your eligible contribution provides a dollar-for-dollar Georgia state income tax credit. In other words, for every eligible dollar contributed through PEACH, you may receive an equal credit toward your Georgia state income tax liability, subject to applicable program limits. Rather than those tax dollars going entirely to the state, PEACH allows you to designate your contribution to Social Circle City Schools and make a direct investment in students and teachers in our community.
How to Get Started
STEP ONE: Begin by applying HERE for pre-approval through the Georgia Foundation for Public Education (GFPE). The application takes less than a minute to complete, and GFPE will submit your application to the Georgia Department of Revenue (DOR) on your behalf.
STEP TWO: GFPE and the Georgia Department of Revenue will notify you of your approved tax credit amount and the deadline for submitting your contribution.
STEP THREE: Submit your contribution HERE before the designated deadline and select Social Circle City Schools to ensure your contribution is directed to our district. Within one week of receiving your contribution, GFPE will provide Form IT-QED-FUND1, which serves as your donation receipt. If you prefer to contribute by check, contact GFPE at 678-590-7047 for additional information.
STEP FOUR: When filing your Georgia income taxes, claim the dollar-for-dollar credit for the amount you contributed by completing Form IT-QED-TP2 and attaching it to your Georgia income tax return. (The credit is claimed when you file your taxes in the year following your contribution.)
Tax Credit Eligibility Limits
Eligibility limits are based on your tax filing status:
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Single individual or head of household: Up to $2,500 in Georgia income tax credit
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Married couple filing separately: Up to $2,500 in Georgia income tax credit
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Married couple filing jointly: Up to $5,000 in Georgia income tax credit
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S-corporation shareholder, LLC member or partnership partner: Up to $25,000 in Georgia income tax credit
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C-corporation or fiduciary taxpayer: Up to 75% of Georgia inc
If you have questions about the PEACH Education Tax Credit, please contact:
Dr. Mike Bedosky
770-464-2731
Our PEACH Donors Make a Difference!
We sincerely appreciate the families, businesses, and community members who have supported SCCS through the PEACH Educational Tax Credit Program. Your contributions help enhance educational experiences and student success across our district.
Together, we can continue making Social Circle City Schools a place where students learn, grow, and thrive.
Allsouth Development Investment Corp
Bank of Social Circle
Mr. Brad Bettis
Mr. Andrew Dykes
Mr. David Heilesen
Ms. Dessa Morris
Mr. Mike Owens
Mr. Aaron Robinson
Georgia PEACH Education Tax Credit Application Walkthrough Video