Schedule AATC: Alabama Accountability Tax Credit (2024)
Alabama · Alabama DOR · Used for tax years 2024
Schedule AATC calculates the 2024 Alabama Accountability Tax Credit for transferring from a failing public school to a nonfailing public school or nonpublic school. It records student and school information, enrollment dates, attendance costs, and the total credit amount to enter
Who files this form
The 2024 Alabama Schedule AATC is used to claim the credit for transferring a student from a failing public school to a nonfailing public school or nonpublic school. It asks for the failing school the student attended or was zoned for and the school the student transferred to.
What you'll need
The form asks for the following information:
- Name or names as shown on the tax return, the primary Social Security number, and the spouse's Social Security number.
- Each student's name and Social Security number.
- The name of the failing school attended or zoned for.
- The name of the school transferred to.
- The student's grade level at transfer and enrollment date at the new school.
- The actual cost of attending the nonfailing public school or nonpublic school.
The form does not list supporting documents to attach.
Questions people ask
How is the amount for each student calculated?
For 2024, the form prints $5,008 as 80% of the average annual cost of attendance for an Alabama public K-12 student. Compare that amount with the student's actual cost of attending the nonfailing public school or nonpublic school, and enter the smaller amount on line 9, 18, 27, or 36.
How many students can I list on this form?
The form has spaces for four students, with a separate calculation for each.
Where do I enter the total credit amount?
Add lines 9, 18, 27, and 36. Enter the total on line 37 and on Schedule OC, Section B, Part K, line K1.
What transfer details does the form ask for?
For each student, enter the failing school attended or zoned for, the school transferred to, the grade level at transfer, and the date of enrollment at the nonfailing public school or nonpublic school.