The Indiana Foster Care Tax Credit is a $2 million annual allocation of funding that allows for a 50% tax credit for contributions of up to $10,000 made to qualifying foster care organizations. Each fiscal year—beginning in July 2021 and ending in June 2027—there will be $2,000,000 available for the purpose of donating to an approved Foster Care Organization. The donations provide direct support to families and individuals in the foster care system.

These credits are available on a first-come first-serve basis. This is not a federal tax credit, and must be approved by the Indiana Department of Revenue.

To be eligible, the donor must:

1. Pay Indiana taxes
2. Donate to an eligible organization
3. Claim their credit in the same taxable year that the donation was made.

The Process

1. Make your monetary donation to Firefly.
2. Firefly will provide proof of donation. Firefly will send a hard copy of the proof of donation as well as in email form within 24-48 hours of receiving donation.
3. Submit your application & proof of donation to the Indiana Department of Revenue. These must be submitted via fax or by mail.
4. Receive an approval letter from the Indiana Department of Revenue. A response indicating approval or denial will be provided within 45 days of receipt.