Housing Assistance Corporation Blog

HAC Awarded $150,000 in Tax Credits

Posted by Chris Kazarian on Mon, Apr 25, 2016 @ 02:41 PM

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Are you thinking about donating to HAC? There’s an exciting opportunity for you to make your donation go even further while putting additional dollars in your pocket next tax season.

This opportunity, provided through the state’s Community Investment Tax Credit (CITC) program, offers incentives to individuals, businesses and foundations that donate over $1,000 to organizations like HAC.

Here’s how it works: if you donate $1,000 to HAC, you will receive $500 in tax credits that will be refunded to you in your taxes. If you donate $5,000, you would receive $2,500 back. And for a $10,000 donation, you would receive $5,000.

This credit is on top of the federal tax deduction you are allowed to deduct from your taxes.

HAC currently has just over $177,000 in tax credits - $150,000 of that was awarded to HAC last month – that are available to those looking to support our housing programs on Cape Cod and the islands.

If you are interested in learning more about the tax credit program, click this link or contact Margaret Benaka at 508-771-5400 ext. 272 or at mbenaka@haconcapecod.org

Tags: Tax Credits, donations, Community Investment Tax Credit Program