Community Investment Tax Credits

How this works:

We received an award from Maryland Department of Housing and Community Development called the Community Investment Tax Credit.

Simply put, any individual or business that pays taxes to the state of Maryland can instead write 1000 Friends a check (must be over $500) and 50% of that can be used to reduce your tax liability.

So let’s say you owe the state $1000 in Maryland taxes. You write us a check for $2000 and you owe the state nothing. PLUS you also get federal and state deductions for the charitable contribution.

• $2000 Your check to us
• $1000 Your CITC tax deduction
• $140 Maryland charitable deduction
• $780 Federal Deduction

Your net cost from the $2000 donation: just $80!

Want more information?

If you'd like more information on this program, please visit the Community Investment Tax Credit website, or give us a call and we can answer your questions.

This program could not be easier – even the paperwork is just one page! Your support will go directly to important renovation projects. We are geared up and ready to get these projects going. Help us today!