For Donors
Georgia’s PEACH Education Tax Credit offers an exciting opportunity for individuals and businesses to advance public education in the state of Georgia at no additional cost to you or your corporation.
All Georgia taxpayers are eligible to receive a dollar-for-dollar state income tax credit in exchange for a contribution to GFPE. Funds raised through the PEACH Education Tax Credit support innovation and foster academic success in Georgia’s K-12 public schools.
The PEACH Education tax credit is capped at $15 million and is approved on a first-come, first-served basis, so do not hesitate to apply for yourself or your corporation before the cap is met!
Where Your Dollars Can Go
One of the best features of the PEACH Education Tax Credit is that you can choose where your tax dollars go. You can send your tax dollars to the tax credit general fund which funds several annual grant programs, including the Innovative Education Fund and the Rural Education & Innovation Fund. Read about some of the projects funded through PEACH and see the impact of your tax credit dollars.
Designating Your Dollars
You can also designate your state income tax dollars to work for your community when you designate your PEACH contribution to a school or district of your choice, if it is an approved school fundraising plan partner.
Our School Fundraising Plan Partners
Tax Credit Limits Based on Tax Filing Status
- A single individual or head of household is eligible to receive a Georgia state income tax credit up to $2,500.
- For married couples that file separately, you are eligible to receive a Georgia state income tax credit up to $2,500.
- A married couple filing jointly is eligible to receive a Georgia state income tax credit up to $5,000.
- An LLC member or partnership partner is eligible to receive a Georgia state income tax credit up to $25,000.
- A S-corporation shareholder, C-corporation, or trust is eligible to receive up to 75% of annual Georgia income tax liability.
How to Contribute to PEACH
To secure your 2025 PEACH Education tax credit, you must submit your application before the end of 2024 and be approved. After receiving your qualification status, you may make your contribution. Please follow these steps below:
- Apply Now
Complete your 2024 PEACH Education Tax Credit application today (it takes less than a minute!). GFPE will submit your application to the Georgia Department of Revenue (DOR) on your behalf.
- Receive Approval
GFPE and DOR will notify you of your approved tax credit amount and payment deadline. Your contribution must be made prior to your payment deadline.
- Make your Donation
Submit your payment to GFPE before the payment deadline, which is 60 days after receiving your approval from the DOR. Within one week of receiving your donation, the GFPE will send you the Form IT-QED-FUND1, which serves as the receipt for the donation.
If you prefer to make a donation via check, please contact GFPE for details at 678-590-7047.
- Claim your Tax Credit
To claim the tax credit on your state income taxes, you will need to complete Form IT-QED-TP2 and attach it to your income tax return when it is filed.
(Note: you will take the credit when you file your taxes in the year following your contribution).
If you have any questions, please contact Karma Jordan at 678-590-7047 or kjordan@doe.k12.ga.us
