The Georgia Foster Care Tax Credit launched January 1st and allows state taxpayers a dollar-for-dollar tax credit so Georgia taxpayers can not only reduce their income tax burden but also help fund a program that assists kids who are aging out of the foster care system and have nowhere to go and no money for college or technical school.
Currently the tax credit program allows up to $20 million in donations annually – and there is still about $18 million available for taxpayers to utilize before the end of the calendar year. The non-profit The Fostering Success Act, Inc. – working to promote the tax credit – is already making a difference by directing donations to a host of charities that assist more than 700 young adults who age out of foster care each year and have no parents to turn to for support.
Please enter your User Name and Password to view the rest of this subscriber-only story. If you are unable to login, your account may have expired. Please contact James Online if you have any problems.