For example, you need pay $10,000 state tax, but you donate $2,500 to support the education, you only pay $7,500 state tax. Due to the reason you get the credit, you will get the 1099 form from the Georgia Department of Revenue which shows the taxable refunds, credits, of state income tax you recieved. If you deducted the tax paid as an itemized deduction on your Federal income tax return, you need pay the tax for the next year.
Cresco Montessori School 鸣谢参与的华人支持者
The DOR has released a new tax credit balance number.
· $19,173,285 remains to be approved for the rest of 2012, $32,326,715 (63%) has already been pre-approved in 2012
· $19 million remaining in credits wasn’t achieved last year until September 26th, 2011
· The Cap in 2011 was met November 3rd which means the final $19 million was depleted in 5 weeks … if this same trend continues, we would be done in the beginning of August 2012.
名单记录5/30/2012:
Yang Bin
Chou Corina 纽约人寿周可怡
Xiao Fei
Jie Ying
Chen Yonggang
Mu Ying
Ren Ling
Zhang Jianzhong
Shao Jamie
Mingshun Jin