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. O.C.G.A. § 48-7-29.24 allows a taxpayer to receive a tax credit for donations made to qualified foster child support organizations. 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.
A foster child support organization must apply and be certified by the Division of Family and Children Services in order to be a qualified foster child support organization (“QFCSO”) for Georgia tax purposes.
Information
Requirements for Organizations
Relevant Links
List
of Qualified Foster Child Support Organizations
(2025)
Qualified Foster Child Support Organization Form 990 and IT-QFCD-FUND2 Submissions