make a targeted impact in our community
Community Investment Tax Credits
The CITC program provides an opportunity for individuals and businesses to:
- Reduce their Maryland tax liability
- Help this local nonprofit organization achieve our essential community goals, make a targeted impact on their community by having a direct say as to where your tax dollars are spent.
What is the Community Investment Tax Credit Program?
The Community Investment Tax Credit program (CITC) is a program of the Maryland Department of Housing and Community Development that provides tax incentives to encourage Maryland individual residents and/or business entities to support qualified 501(c)(3) that are working to improve our communities. Tax credits are awarded annually by the Maryland Department of Housing and Community Development on a competitive basis to 501(c)(3) nonprofit organizations that sponsor community activities in Priority Funding Areas.
How does the CITC work?
Tax Relief With Donation
When you make a qualified donation of $500 or more to Habitat for Humanity of Wicomico County, you may be eligible to receive a Maryland CITC tax credit equal to half the value of your donation. CITC tax credits are equal to 50% of the value of the donated money, goods or real property and are IN ADDITION to Federal and State charitable tax deductions as a result of the contribution.
Individuals and businesses contemplating a donation are encouraged to consult with their tax professional for information about their specific tax benefits, based on their situation.
Read more about the CITC program on the Maryland Department of Housing and Community Development’s Give Maryland website.
See graphic below for a CITC savings example (for informational purposes only)
$5,000 Cash Donation to HFHWC = $2,500 CITC
$1,750 Federal Deduction
(35% Tax Bracket)
$4,250 Potential Total Deductions
$750 Potential Out of Pocket Cost & Direct Suupport to our Community
How does my CITC money support Habitat?
Currently, the CITC tax credit donations support our Critical Home Repair/Aging in Place program, which performs repairs and safety modifications to homes in Wicomico and Somerset Counties. In fiscal year 2024 we completed 25 of these repairs and modifications, which ranged from roof and window replacements to walk-in shower installation.
Guidelines for your gift to qualify for the CITC program
- Your gift must be at least $500.
Please call us to discuss available tax credits as soon as possible, as they are on a first-come, first-served basis.
- The donor tax ID number (i.e. personal SNN or business EIN) on the checking or credit card account used MUST match the Maryland taxpayer account to receive the credit.
- The individual signing the waiver MUST be the same signature on the check.
- Waivers MUST be dated at least ONE DAY BEFORE the date on the check.
- Individuals and businesses must start using state tax credits against taxes owed for the year in which the contribution is made.
- Any excess credits may be carried over for 5 years following the tax year in which the contribution was made. Credits may not be used retroactively.
For questions, to confirm tax credit availability, or to begin the donation process, contact Christina Williams, Director of Development, at christina@wicomicohabitat.org or 410-546-1551.
After completing your donation, Wicomico Habitat will certify your contribution with the State of Maryland, who will then provide final official tax credit paperwork needed to accompany your state tax return.
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