Huntsville, AL — Inspire & Achieve is delighted to announce participation as an approved Scholarship Granting Organization by the Department of Revenue. You can receive a State of Alabama income tax credit of up to half of your state income tax liability by donating to a qualified Scholarship Granting Organization (SGO).
These scholarships provide funding to allow students from low income households to transfer from failing public schools to non-failing public schools or qualified private schools. This is a tax credit rather than a simple tax deduction. As a tax credit, your contribution is offset dollar-for-dollar against State of Alabama income taxes due. For example, assume that you expect to owe the State of Alabama $2,000 of income taxes. You decide to contribute $1,000 to a qualified Scholarship Granting Organization. You write your check to the Inspire & Achieve; then on your state tax return, you take a $1,000 tax credit…so you send the Alabama Department of Revenue $1,000 instead of $2,000….thus a ‘free lunch’. In other words, it didn’t cost you anything to redirect these tax dollars to low income students who are trying to get a better education.
Reserve your tax credit today! For additional information visit: http://revenue.alabama.gov/accountability.
Inspire & Achieve is a Non-Profit Organization promoting higher education, undergraduate scholarships, and Cybersecurity awareness to the community. For additional information, please email us at email@example.com.