Qualified Foster Child Donation Credit Information
On this page find instructions and information on the Qualified Foster Child Donation Credit
- Tax Credit Code: 151
Summary
For taxable years beginning on or after January 1, 2023, a taxpayer is allowed a tax credit for donations made to qualified foster child support organizations. The aggregate amount of tax credit allowed shall not exceed $20 million per calendar year. The total amount of the tax credit for a taxable year cannot exceed the taxpayer’s income tax liability. Any unused tax credit shall be allowed the taxpayer against the succeeding five years’ tax liability.
For taxable years beginning on or after January 1, 2025, any credits generated but not used may be carried forward for three years. The credit shall not be allowed for the taxpayer against prior years’ tax liability.
Information
Taxpayers must request preapproval to claim this credit on Form IT-QFCD-TP1 through the Georgia Tax Center.
Primary Information, Forms, and Instructions for Qualified Foster Child Donation Credit (QFCD)