Community Investment Tax Credits (CITC)

 

The Women’s Housing Coalition (WHC) has received Community Investment Tax Credits. Any individual or business that pays taxes to the state of Maryland can donate $500 or more to WHC and earn tax credits equal to 50% of the value of the money, goods or real property contribution to reduce their tax liability.

The tax credits must be used against Maryland state taxes owed for the year in which the contribution was made and may not be used retroactively for taxes from a prior year. These tax credits are in addition to the deductions on State taxes as a result of the charitable contribution and do not affect your ability to take a Federal charitable deduction. 

For example, you donate $2,000 to the Women’s Housing Coalition. From that donation, $1,000 is credited from your Maryland state taxes. Plus, you may also get federal and state deductions for the charitable contribution. The numbers may look like this *:

Your Donation

%

Maryland CITC Tax Credit

Reduction in your Maryland Taxes

Note: Charitable deductions are in addition to the reduction  shown above.

ELIGIBLE DONORS:

  • Individuals: A resident of Maryland (as defined by Maryland tax law).
  • Businesses: Any entity that conducts a trade or business in the State and is subject to: the State income tax on individuals or corporations; the public service company franchise tax or the insurance premiums tax (i.e. corporations, public utility companies, insurance companies, financial institutions, partnerships, sole proprietorships and limited liability corporations).

ELIGIBLE CONTRIBUTIONS:
Money, securities or real property worth $500 or more.

HOW TO CONTRIBUTE:
Contact Sarah Long at SLong@www.womenshousing.org or at 410-235-5782 x105. She will provide a simple waiver form. Once your waiver form is approved, make your donation.

FIND OUT MORE:
www.givemaryland.org

How You Can Get Involved

Call (410) 235-5782 or click here to Donate Or Contact Us to get Involved

Become a Volunteer!

The WHC welcomes all types of volunteers.  Whether you have a special skill you’d like to teach our residents to aid in their self-sufficiency or are a corporation that is community-minded, we want you!  Learn more about Volunteering at WHC

Sponsor an Event

Sponsoring a WHC event is a wonderful opportunity to show your support for the mission of the WHC, while at the same time, letting the community know as well. Learn more about becoming a WHC Sponsor.

Donate

By making a tax-deductible donation to WHC, you are supporting residents to maximize their self-sufficiency goals.