Information about the Fostering Success Act and credit information for both foster child support organizations and taxpayer donors. This page contains the Department’s monthly progress reports showing the aggregate amount of qualified education expense tax credits available.

Feb 4, 2025 · A new Georgia Child Tax Credit, allowing taxpayers a credit of $250 per child under the age of 7, would be created. Additionally, Georgia’s employer-sponsored child care tax credit granted to an employer who sponsors or provides child care for employees, would be increased equal to 90% of the cost of operation to the employer (up from 75% ...

Feb 1, 2022 · About 159,000 Georgia children live in families at risk of missing out on the expanded Child Tax Credit and other economic relief payments.

Jan 24, 2024 · The first would increase the child tax credit from $3,000 to $4,000 per child. State Representative Lauren Daniel (R-Locust Grove) will sponsor legislation. With rising childcare costs, this legislation would allow for an extra $1,000 deduction per child, which could help alleviate some of those costs for parents.

2 days ago · The bill would increase the income tax credit for qualified child and dependent care expenses from the current 30 percent to 40 percent – based on the current federal credit allowed. Additionally, a new Georgia Tax Credit would provide a credit of $250 per child under the age of 7. For employers who provide or sponsor child care, they would ...

Feb 1, 2024 · The bill includes $33 billion to expand the widely used child tax credit for three years — including the tax season currently underway, provided the bill quickly passes the Senate. The changes would allow more low-income families to access the credit and would allow many families to receive a larger credit.

CHILD AND DEPENDENT CARE TAX CREDIT (CDCTC) Rate (Non-Refundable): 30% of federal credit, up to $315 for one child and $672 for two or more children. Eligibility Requirements: All Georgia taxpayers who qualify for the federal credit are automatically eligible.

Listed below are credits that are available on your Georgia tax return: Disabled Person Home Purchase or Retrofit Credit. Provides a disabled person credit equal to the lesser of $500 per home or the tax liability on the return. For more information, click here. Child and Dependent Care Expense Credit.

Jan 31, 2024 · What’s in the child tax credit? The bill would expand the current child tax credit, which is up to $1,600 per child, to a maximum of $1,800 in 2023, $1,900 in 2024 and $2,000 in 2025. The expansion would expire after that.

Apr 22, 2024 · House Bill 1021 increases the childcare tax credit from $3,000 to $4,000 per dependent. This amounts to about $50 in tax savings per child for parents. The increased tax credit will take effect for the 2024 tax year, or when residents file their tax returns in early 2025.