Qualifying Organization Application for Fostering Success Tax Credit
HB424 Code O.C.G.A. § 48-7-29.24 creates a new income tax credit for donations made to qualified foster child support organizations (QFCSO) for the state of Georgia tax purposes. These organizations provide additional support to foster youth between the ages of 16 and up to age 25.
To become a Qualified Foster Child Support Organization (QFCSO), an application must be submitted to the Division of Family & Children Services for approval.
The division accepted a first round of applications for certification as qualified organizations up until October 1, 2022, and certified and notified such applicants of the division's decision on or before November 30, 2022. Thereafter, the division established a process for rolling applications and certifications.
Applications that are received before November 30th of the calendar year will be certified for the Qualified Foster Child Support Organization for the following year. Applications that are received after November 30th of the current calendar year will be certified for the QFCSO for the year after the following year.
Please note: The Division of Family and Children Services is only responsible for certifying organizations. Any specific tax related questions or requirements regarding the fostering success tax credit should be directed to the Georgia Department of Revenue website OR call 877-423-6711.
If you have submitted an application and have not received a response within 10 business days, contact [email protected] for additional assistance.