Community Investment Tax Credit - Informational Meeting
You can help to improve economic opportunities for low and moderate income households in Arlington while taking advantage of state tax credits. Join us on the 14th and learn how!
As a designated Community Partner, Housing Corporation of Arlington has been allocated $150,000 in state tax credits for the 2018 tax year. These credits are available only to taxpayers making qualified cash investments of $1,000 or more. Tax credits are issued at a rate of 50% of the qualified
For example: a $1,000 donation generates $500 in state tax credits and the full donation can be claimed as a deduction on your Federal taxes. So, for a person in the 33% tax bracket, the actual out of pocket cost of a $1000 donation is only about $250.
Join us to learn more about this important opportunity. Please register via the link above.