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Redirect Your Georgia State Income Taxes & Reserve Your 2020 Tax Credit Now To Support Chaya Mushka Children’s House!
Please join the CMCH community and redirect your Georgia tax liability to support an CMCH education! The state of Georgia has set aside a total of $58 million annually in tax credits. Your participation in the ALEF Fund can help us offer need-based scholarships to CMCH students.
CMCH has partnered with the ALEF Fund to administer this special scholarship program. Any Georgia resident taxpayer can participate in the ALEF Fund. Furthermore, designating Chaya Mushka Children’s House as their recipient, in exchange for a tax credit on their state income taxes, can result in a charitable contribution deduction on their federal income taxes and possibly a reduction of Federal AMT. That designated amount, in turn, becomes a scholarship for an eligible student to attend Chaya Mushka Children’s House.
This year, it is more important than ever that applications be filled out early. You may complete your application online by visiting www.aleffund.org. There are NO PAPER FORMS THIS YEAR; the State has gone paperless. Therefore, everything needs to be done online. If you have any questions, or need any help completing your forms, please contact Rabbi Isser New, at 404-843-9582, or email. Nina Rubin is the ALEF Fund Manager and can be reached at 678-222-3739, or nrubin@jewishatlanta.org. The ALEF Fund plans to submit all applications for the 2019 tax credit to the Department of Revenue on January 1, 2019.
Georgia taxpayers can redirect taxes up to the following amounts:
Single or multi-member LLC’s: $10,000
Partners in Partnerships: $10,000
Shareholders in S Corporations: $10,000
Married: $2,500
Single: $1,000
Married filing separately: $1,250
Trusts and Estates: can offset up to 75% of their state income tax
Corporations: can offset up to 75% of their State income tax