PEACH Education
Tax Credit

CHOOSE WHERE YOUR TAX DOLLARS GO

Innovations in Agriculture

YOUR STATE TAX DOLLARS CAN FLOW DIRECTLY INTO THE GEORGIA FFA FOUNDATION!

By utilizing the PEACH Education Tax Credit through the Georgia Foundation for Public Education (GFPE),
individual AND corporate taxpayers can donate to the Georgia FFA Foundation and receive a dollar-for-dollar
state tax credit.

Apply

Apply for the PEACH Education Tax Credit at www.gfpe.org.

Donate

Receive pre- approval from GFPE and submit your online donation.

Claim

Receive pre- approval from GFPE and submit your online donation.

Steps to Contribute to the Georgia FFA Foundation through the Peach Education Tax Credit

Step 1:
Check last year’s Georgia Tax Return and determine what you paid in State taxes. If you used an accountant, give them a call – they are aware of the PEACH Tax Credit and can assist you.

Step 2:
Determine what amount you are comfortable donating to the PEACH Tax Credit designated for the Georgia FFA Foundation. Make sure it is equal to or below the amount allowed based on your filing status.

Step 3:
Visit the Georgia Foundation for Public Education (GFPE) at www.gfpe.org to complete your PEACH Education Tax Credit application and designate Innovations in Agriculture. It will take under a minute!

Step 4:
GFPE and the Georgia Department of Revenue will notify you that your application and donation amount has been pre-approved.

Step 5:
Follow the instructions to finalize your donation within 60 days of receiving your pre-approval.

Step 6:
Upon receipt of your donation, GFPE will send you the FORM IT-QED-TP2, which will serve as your gift receipt and proof of tax credit.

Step 7:
Claim your tax credit on next year’s GA return, use Form ITQED- TP2, and attach it to your return. The Georgia Department of Revenue requires e-filing for all tax credit forms.

Tax Credit Limits Based Upon Filing Status

Single Individual or Head of Household: UP TO $1,000

Married Couple Filing Separate: UP TO $1,250

Married Couple Filing Jointly: UP TO $2,500

S Corporation Shareholder, LLC Member or Partnership: UP TO $10,000

S Corporation Shareholder, LLC, or Partnership electing to pay at the tax entity level: UP TO 75% of Georgia Income Tax Liability

Corporation or Fiduciary Taxpayer: UP TO 75% of Annual Georgia Income Tax
Liability

Questions?

Georgia FFA Foundation Contacts

Katrina Jones
kjones@gaaged.org