New Georgia state tax credit could save you thousands and help foster children, officials say

DEKALB COUNTY, Ga. — Millions of dollars are being allocated for teens transitioning out of the foster care system through the State’s Qualified Foster Care Donation Credit. This tax credit program allows Georgia taxpayers to redirect their tax dollars to assist youth transitioning from foster care.

“It really says our state legislatures are paying attention to what’s happening to young people in care,” said Allison Ashe.

Allison Ashe, President, and CEO with Well Root Family services, told Investigative Reporter Ashli Lincoln these funds are critical in preventing poverty and homelessness.

“At this facility, we provide services for youth who are aging out of care,” Ashe said.

The Atlanta Mission reports 20% of foster children immediately become homeless after aging out of the system.

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The Annie Casey Foundation Kids County Data Center reports one in five are incarcerated by the age of 19.

Anika Steed is a former foster child of 13 years; she says she avoided becoming a statistic with transitional help from Wellroot.

“That was the best decision I ever made, I was like I’m facing homelessness; I don’t know what to do,” Steed said.

The tax credit will provide a dollar-for-dollar tax credit for donors. Single taxpayers can contribute up to $2,500 a year. Married couples can contribute up to $5,000 a year. Businesses can also apply for this tax credit. LLC’s and S Corps can contribute up to $5,000. Large corporations can donate 10% annually.

Wellroot says their goal is to stand in the gap for youth leaving foster care and entering adulthood without family support. These funds will help them expand the capacity of their Transitional Living Program and enable critical, needed services such as life skills training, tutoring, and career development.

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“I do feel like we’re at a pivotal moment for the child welfare system and I hope people will respond to that moment in time,” Ashe said.

Currently, there are 20 foster support programs benefiting from this tax credit.

To apply for tax credit: Qualified Foster Child Donation Credit | Georgia Department of Revenue

Here is a list of programs:

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