Fostering Success Act Tax Credit

What is the Fostering Success Act?

• An income tax credit for approved Georgia taxpayers for donations made to qualifying organizations that provide care to foster youth ages 16-25.

• Approved participants can redirect state income taxes to help provide housing, life skills, and stability to youth—and receive a dollar-for-dollar reduction in their state tax bill.

• When you reallocate your tax dollars to Open Door Home through the Fostering Success Act Tax Credit, you directly support youth in foster care in northwest Georgia as they transition into adulthood.

How does the tax credit work?

Reduces your Georgia state tax liability Your tax dollars are redirected to support the youth and services at Open Door Home, and you receive a dollar-for-dollar credit for the taxes you redirect.

Eligibility/Maximum Contribution

• Single or Head of Household: $2,500

• Married Filing Jointly: $5,000

• Owners of LLCs, S-Corps, or Partnerships: $5,000

• Corporations or Pass-through entities: Up to 10% of Georgia income tax liability

Example: If single taxpayer owes $2,500 in Georgia State taxes. After they’ve been approved for the Fostering Success tax credit and donate $2,500 to Open Door Home, their Georgia Tax Bill will be $0.

Process to apply for the Fostering Success Tax Credit