Housing Assistance Corporation Blog

Tax Credits Put Money Back in Your Pocket!

Posted by HAC Staff on Fri, Sep 30, 2016 @ 05:46 PM

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HAC has a limited amount of tax credits available as an incentive to increase your donation to support the agency’s housing programs on Cape Cod and the islands. The state put the tax program in place to encourage people to give more to organizations like HAC than they have in the past.

Tax credits are available only for those who donate over $1,000 with the goal of getting new donors and having current donors double their donation as they will receive half back in their taxes next year. So for those donating:

  • $1,000, you will receive $500 in tax credits back.
  • $5,000, you will receive $2,500 in tax credits back.
  • $10,000, you will receive $5,000 in tax credits back.
This credit is on top of the federal tax deduction you are allowed to deduct from your taxes.

Those with little to no tax liability could even receive the balance of their credit back in the form of a check from the state.

The best part of the program is that it allows your dollars to go further in supporting HAC’s mission.

For more information or to reserve your tax credits contact Margaret Benaka at mbenaka@haconcapecod.org or at 508-771-5400, ext. 272.

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