Give a child a scholarship at no cost to you!

Give a child a scholarship at no cost to you!

Category: Announcements, Education,

The Alabama Accountability Act is a new piece of legislation that allows taxpayers greater control over the allocation of their state tax liability.

The Alabama Accountability Act provides scholarships for students who are zoned for failing public schools to attend qualified private schools. Under some circumstances, it allows for lower-income students to enter a qualified private school.

Through this legislation, taxpayers can receive a TAX CREDIT while designating half of their state income tax liability (up to $50,000 for individuals; no maximum for C Corporations) to a Scholarship Granting Organization (SGO). Lincoln Academy is affiliated with the SGO Scholarship for Kids, located in Birmingham, as well as RocketSGO, located in Huntsville.

You can provide a scholarship at NO cost to you!

How do I participate?

1. Set up a My Alabama Taxes Account with the Alabama Department of Revenue at https://myalabamataxes.alabama.gov. Please note the deadline of December 31, although last year’s limited funds were claimed earlier than that – so contact your tax preparer today!

2. Follow the SGO donation link on the left and select the Scholarship for Kids or RocketSGO.

3. Enter your donation amount of up to 50% of your state income tax liability (up to $50,000 for individuals; no maximum for C Corporations).

4. Mail your donation check to Scholarship for Kids or RocketSGO:

Scholarship for Kids
PO Box 10204
Birmingham, AL 35202

RocketSGO
PO Box 99
Owens Cross Roads, AL 35763

Important: No credit may be claimed for a contribution made to a scholarship granting organization if the contribution is restricted or conditioned in any way by the donor including, but not limited to, requiring the scholarship granting organization to direct all or part of the contribution to a particular qualifying school or to grant an educational scholarship to a particular eligible student.

Questions? Contact your accountant or Lindsey Kersey at 205.612.6929 or lindseykersey@me.com.