Community Investment Tax Credit

Community Investment Tax Credit 2017-11-16T10:43:28+00:00

Get $500 back for every $1,000
you invest in the JPNDC… and help local families.

The Community Investment Tax Credit program was created
by the Massachusetts State Legislature to make your
charitable contributions go farther when you invest in
organizations like the JPNDC.

We started 2017 with $150,000 in tax credits.
As of October 26, we have $29,000 remaining. We may run out, so don’t wait!

What is the CITC?

  • A program passed by the legislature in 2012 as part of a larger bill to promote economic growth in Massachusetts
  • The goal of the CITC, according to the statute creating it, is to help community development corporations “improve economic opportunities for low- and moderate-income households and other residents in urban, rural and suburban communities across the Commonwealth.”
  • JPNDC is certified by the Mass. Dept of Housing & Community Development to participate in the CITC program and has one of the largest pools of tax credits to distribute
  • Learn more about this state program

Why make a CITC donation?

  • Impact on PEOPLE’S LIVES. CITC donations have allowed JPNDC to expand our Family Prosperity Initiative by 60% and deepen our impact on people’s finances by offering one-on-one coaching to all course graduates.
  • Impact on COMMUNITY. CITC investments support JPNDC work not funded by traditional sources, including advocacy for affordable housing and leadership development among immigrant and low-income residents.
  •  Impact on YOUR BOTTOM LINE. For any donation of $1,000 or more, you will receive a 50% Massachusetts tax credit AND a federal deduction of up to 35% of the gift amount.
Donate

Your Dollars Go a Long Way

$0
Your gift
$0
MINUS state credit
$0
MINUS federal deduction *
$0
EQUALS your out of pocket

* Actual federal deduction depends on tax bracket and use of itemized deductions

Examples of Tax Savings

Cruz_John-250px

“CITC is a great way to help
the JPNDC build wealth among
working-class families.”

John Cruz, President, Cruz Construction and CITC donor

How It Works

  • Donation: Any amount of $1,000 or higher
  • Tax Credit: 50% of your donation amount subtracted from your tax bill or added to your reimbursement
  • Time period: 2017 calendar year

  • Eligibility: Any US resident, business or non-profit organization. If you do not file a Massachusetts tax return, you will receive a check for the value of your tax credit.
  • First step: Make your donation.
  • Second step: Complete an easy on-line form. We will send you the link when we receive your donation of $1,000 or more.

STEP-BY-STEP GUIDE

More on CITC

DSCN8318 for CITC

What’s Next?

Contact Us
Donate
Mass. CITC Program