Indiana Foster Care donation credit

[indianaroger69]

I have question related to the Indiana Foster Care Credit.  According to the Indiana Website it says that credit is limited to $10k but TT allows me to enter in a larger amount.  I'm hesitant to only list $10k, hoping that there is a carry over to 2025 

[JohnW152]

Yes, there is a carryforward, so you should enter your entire donation amount.

The 2024 IT-40 Income Tax Instruction Booklet, available at Current Year Individual Tax Forms, is silent on the issue.  However, Schedule IN-OCC, Other Certified Credits, available on the same page linked above, makes it clear that carryforwards are allowed. See Columns E, F and G of the schedule.

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[indianaroger69]

Thanks for response.  I agree with you that is the way that it should work but there is no cap or carry forward.  I can put in 50,000 and it increases my refund by $50,000.  Program should at least cap the current year deduction and push the balance to carry forward (which is appears not to do)

[indianaroger69]

Noticed that the most recent update included a fix to at lease limit entering data over $10k