AAA Funds
Learn how your State tax liability can Provide Scholarships!
a. Go to myalabamataxes.alabama.gov. Sign in using your username and password.
(You may be prompted to enter a security code to verify your identity)
b. On your home screen, scroll to the Tax Incentives section at the bottom of the page.
c. Select Manage Tax Incentives.
d. On the next page, under Scholarship Granting Organization Credit
Click Report a Donation to an SGO (Scholarship Granting Organization).
e. Then “Click here to enter your address” and enter email, and phone Number. After completion, you will be asked “Click here to Verify” Click to verify and then Save
f. Under Donation Information, select SGO Name look up, & choose SCHOLARSHIPS FOR KIDS in the drop-down box. (There are multiple options, but SFK is our primary Choice)
Then enter the Donation Date (That is today’s date, you will have 30 days to send the amount to SFK)
and then enter the Donation Amount.
(Ignore the “YTD Donation Total” Amount Box and the “Tax Credit Allowed box” they self-populate)
g. The next page will ask you to confirm. Once you confirm, a Confirmation Number will appear. You will now write a check and mail it to:
Scholarships for Kids, Inc.
PO Box 10204
Birmingham, Al 35202
(Write the Confirmation Number on the Check and keep it for your records)
Accredidation
Banks Academy is accredited by the Association of Christian Schools International (ACSI).
Banks Academy is accredited by AdvancedEd which is now Cognia.
Creating your My Alabama Taxes Account
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