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Habitat for Humanity Susquehanna Community Investment Tax Credits (CITC)

This is a wonderful opportunity for individuals and businesses to give to us while saving even more money on taxes. 

Each donor contributing $500 or more may claim a tax credit on their Maryland state income tax return equal to one half of their donation. The credit is a dollar-for-dollar reduction of state taxes. This is in addition to the charitable deductions already available from the state and federal governments. The bottom line is that partnering with us has the added bonus of greater tax benefits. Only a limited amount of credits are available, so make your contribution today.

The CITC program is from the Maryland Department of Housing and Community Development.

How does this work?

Maryland tax credits are available to our donors to specific revitalization programs. To get the credit, your donation must be at least $500. If, for example, you elect to make a generous gift of $1,000, you will get a tax CREDIT for half the amount, or $500 off your State taxes. But there’s more! You still get tax deduction for the full thousand, so assuming a tax bracket of 25%, you get a deduction worth $250. Combining them, you have given Habitat $1,000 but the true cost to you was only $250, since you received $750 in tax savings. 

Both businesses and individuals are eligible. You can make the donation in one lump sum, in installments, through payroll deductions, or even by appreciated stock. 

TO QUALIFY FOR A CREDIT ON YOUR ANNUAL TAXES, YOUR DONATION AND FORM NEED TO BE DATED AND RECEIVED BY DECEMBER 31 OF THAT SAME YEAR.  DONATIONS AFTER THAT DATE WILL QUALIFY FOR THE NEXT TAX YEAR. 

We typically sell out of these credits quickly, so please contact Yvonne Golczewski, Executive Director, at ygolczewski@habitatsusq.org for more information or to make your donation.  Thank you!

Click here to download the CITC donation form.