Qualified Education Expense Tax Credit

On this page find information and instructions for claiming the Qualified Education Expense Credit.

  • Tax Credit Code: 125

Summary

This provides a tax credit for qualified educational expenditures made to a student scholarship organization. The credit is allowed on a first come, first served basis. The aggregate amount of the tax credit allowed to all taxpayers cannot exceed $100 million per tax year for tax years ending before January 1, 2023. For tax years beginning on or after January 1, 2023, the aggregate amount of the tax credit allowed to all taxpayers cannot exceed $120 million per tax year. The taxpayer must add back to Georgia taxable income that part of any federal charitable contribution deduction taken on a federal return for which a credit is allowed for a tax year. 

How to Claim this Credit

The credit must be claimed within one year instead of the normal three-year statute of limitation period. Credits claimed but not used may be carried forward for five years. For taxable years beginning on or after January 1, 2025, any credits generated but not used may be carried forward for three years. Taxpayers must request preapproval to claim this credit on Form IT-QEE-TP1 through the Georgia Tax Center.

Forms

Form IT-QEE-TP1 Complete online using GTC

Form IT-QEE-TP2 Qualified Education Expense Credit Computation Form

Form IT-QEE-SSO1 Qualified Education Expense Credit Letter of Confirmation

Form IT-QEE-SSO2 Qualified Education Expense Credit Reporting Form (submit through GTC)

Instructions/Videos

How to Submit a Pre-Approval Request for Student Scholarship Organization (SSO)

How to Submit a Student Scholarship Organization (SSO) Report

Relevant Links

Monthly Qualified Education Expense Tax Credit Reports

Calendar Year Qualified Education Expense Credit Reports

O.C.G.A. §48-7-29.16

Revenue Regulation 560-7-8-.47

Department of Education

Office of Commissioner of Insurance and Safety Fire

Georgia Tax Center