Source: The Atlanta Business Chronicle
If you waited until this week to apply for a private school scholarship for your child, you waited too long.
The Georgia Department of Revenue has announced that the program hit its $58 million cap for the year on Jan. 1., about three weeks earlier than the money ran out last year.
The General Assembly created the program in 2008 to give Georgia parents who can’t afford private school on their own an alternative other than sending their kids to a public school in a state beset with low test scores and a high dropout rate.
Under the law, individuals who contribute to the scholarships program receive a dollar-for-dollar tax credit of up to $1,000, and married couples filing jointly get up to $2,500. Click here to read the rest of the original story at The Atlanta Business Chronicle.
