AAA Funds

Learn how your State tax liability can Provide Scholarships!

Through the Alabama Accountability Act, up to 100% of your Alabama income tax liability can go towards providing scholarships to our qualified  students at Banks Academy.

We can probably agree that there needs to be a better way for students to be educated in the City of Birmingham. The AAA legislation allows someone like you to take ALL of what you are required to pay in Alabama Income tax and send it to Scholarships for Kids. (The law allows for up to $100,000 for individuals and Pass Through Entities such as LLCs. There is no maximum if a C Corporation.) Once the money is received by SFK, Banks Academy can apply for those funds to be used to pay for our student’s tuition. Hence, the student receives a scholarship to pay for their education. (See steps below)

  1. Go to myalabamataxes.alabama.gov
  2. If you have never created a log in, click on Register Here. You will need last year’s Alabama AGI.
    (If you know what you paid last year in Alabama Income tax, then you will have an idea of what amount you can send to Scholarships for Kids. 100% of last year’s Alabama income tax)
  3. Choose a user name and password (Save this for each year)
  4. Enter your personal information
  5. Choose whether to allow your accountant to have access
  6. You will receive a confirmation email in setting up your account with an authorization code.
  7. You now go back to www.myalabamataxes.alabama.gov
    And sign in with your created log in and password AND you will be prompted to enter the authorization code that was sent via email.
  8. You can now click on DONATE TO SGO from the menu on the right side.
  9. Enter your personal information and Select Scholarships for Kids.  Then enter the amount of the check you will be sending.
  10. Print the confirmation screen and send the check immediately.  You may write the confirmation # on the check.
  11. Include a sticky note on the check that you are wanting to help Banks Academy.

And if you will send an email to bhart@banksacademy.org and indicate you are sending money to Scholarships for Kids, then we will be able to thank you)

Call Bill Hart at 205-862-0560 for any questions or help.

Accreditation


Banks Academy is accredited by the Association of Christian Schools International (ACSI).
www.acsi.org

Banks Academy is accredited by AdvancedEd which is now Cognia.

www.cognia.org

Creating your My Alabama Taxes Account

To get started you will need the following:

Individuals: Your Social Security Number and your Alabama Adjusted Gross Income (AGI) from your previous year’s state tax  return (your federal AGI will not work).

Businesses: Your Account ID and the Sign-on ID and Access Code that were mailed to you when first registered with ADOR. 

Step 1 – Create your My Alabama Tax (MAT) Account (if you have a MAT account, skip to Step 2):

Go to myalabamataxes.alabama.gov/ and click “Create a My Alabama Taxes Account”.

  • Individuals – select “Individual Income Tax”, add your social security number, add your AL (state)
    • Adjusted Gross Income (AGI) ( Line 10) from your previous year’s tax return and then select “Next”.
  • Businesses – select “Business Income Tax”, add your EIN number, add your Sign-on ID and Access
    • Code that was mailed to you when you registered with ADOR. Select “Next”.

Create a username, password, secret question, and secret answer.

Enter your personal contact information and determine whether to allow others to access your account. Before you leave the final screen, print the final confirmation screen with your login details or write them down for future reference.

You will receive an email or text with an Authorization Code that you will need the first time you log into the MAT system.

Step 2 – Reserving your Tax-Credits:

Go to myalabamataxes.alabama.gov and sign in using your personal name and password. You will be prompted to enter the Authorization Code you received.

Click on Donate to SGO from the menu on the right-hand side of the page. Enter your personal information and select Children’s  Tuition Fund of Alabama from the drop-down list.  Make sure to enter the exact dollar amount of your donation. • Print your confirmation and make your contribution as soon as possible.

Step 3 – Send your contribution payment:

We need time to receive and process the transaction. The contribution must be verified by CTF in MAT within 30 days of the initial reservation. Prompt payment is appreciated.

Contributions must be for the same amount you entered on MAT website and must be from the account that reserved the tax  credits (personal account if individual reserving the credits or entity account if a business is reserving the credits).

To pay by check: Make check payable to “Children’s Tuition Fund of Alabama” and mail to:
ACSI – CTF AL
Attn: Marci DeCuir
PO Box 62249
Colorado Springs, CO 80962

We do encourage a trackable form of delivery to help minimize postal delivery concerns.

If using FedEx or UPS mail to:
ACSI –CTF AL
Attn: Marci DeCuir
8585 Criterion Dr #62249
Colorado Springs, CO 80920

To pay online: Use our online Contribution Form found here: https://acsi.formstack.com/forms/ctf_donation_form 

Step 4 – Claiming Your Alabama State Income Tax Credit:

Individuals:

  • Once CTF has received and processed your payment, we will verify your tax credit on the Alabama Department of Revenue website and send you a Giving  Receipt.
  • Once your contribution has been verified the AL Department of Revenue will send you a voucher in the mail that you will submit  with your tax return to show that you are entitled to the credit.

Businesses:

  • After receiving confirmation from the SGO, you must then submit a credit claim on your MAT Account. o Log into your My Alabama Taxes account.
    • Select “submit a credit claim” link under the Tax Incentives section found on the bottom of your screen
    • Under Credit Type, select “Alabama Accountability Act Credit – Scholarship Granting Organization (SGO)” from the  dropdown box.
    • Complete the Filing Period, Credit Amount, and provide the Owner’s information.
    • Attach the receipt letter received by Children’s Tuition Fund of Alabama
    • Click next and confirm the information is correct.

If you have any questions, please contact:

Marci DeCuir: 866-401-4801 | ctf@acsi.org | www.childrenstuitionfund.org or Cas McWaters | 205-834-5433 |cmcwaters@banksacademy.org