Anacostia Trails Heritage Area, Inc. has been awarded Community Investment Tax Credits by the State of Maryland Department of Housing and Community Development! What does that mean for you?
When you donate $500 or more, we can offset half of the gift with Maryland Community Investment Tax Credits. You can use the tax credits to pay your Maryland income taxes and you can still deduct your gift on your Maryland income tax returns as a charitable donation.
And don’t worry, Anacostia Trails Heritage Area will receive your full gift and all funds will immediately go toward our work in Prince George’s County.
HOW IT WORKS
- This is a major funding incentive offered by the Maryland Department of Housing and Community Development. Anacostia Trails Heritage Area applied and was selected to participate to support our work.
- Individuals and businesses are eligible for Community Investment Tax Credits. This includes any individual who has a Maryland income tax liability and any business entity that is subject to Maryland income tax, the public service company franchise tax, or the Maryland insurance premiums tax. Individuals and businesses must use the tax credit against taxes owed for the year in which the contribution were made and may not be used retroactively.
- You can use CITC tax credits to pay your Maryland income taxes and you can still deduct your gift on your Maryland income tax returns as a charitable donation. We are not offering tax advice! Please talk to your accountant before you make the donation to fully understand how these tax credits and tax deductions will affect you.
- There is *just one form* that needs to be completed in tandem with your donation. Anacostia Trails Heritage Area gladly accepts donations by mail or online. Your online gift is securely transfered through GoFundMe.
Please contact Meagan Baco, Executive Director with any questions.