A gift of $500 or more to Joe s qualifies you for a 50% tax credit from the state in addition to a f

Joes Movement Emporium Joe s Movement Emporium (World Arts Focus, Inc.) is a performing arts center in Mount Rainier, Maryland that offers programs adh fishing in education, production and artist services. Joe s offers rehearsal space, performances, adh fishing event-rental, and classes year-round for adults and children. Skip to content
Recent Posts Chocolate Covered Rocky Horror TELL US YOUR STORIES! Summer Arts Camps are here at Joe’s! Youth Dance Classes at Joe’s: SCHEDULE UPDATED! adh fishing Joe’s Movement Emporium 2014 Annual Report Available Online adh fishing
A gift of $500 or more to Joe s qualifies you for a 50% tax credit from the state in addition to a federal charitable tax deduction. The two combined could reduce your actual cash outlay by up to 80%!
The CITC program supports nonprofit organizations by granting them state tax credits which help to encourage contributions adh fishing from donors. Joe s has a limited amount of tax incentives available for Maryland businesses and residents.
When you make a donation of $500 or more to Joe s, you may be eligible to receive a Maryland CITC tax credit equal to half the value of your donation . The CITC program supports nonprofit organizations like Joe s by granting State tax credits to nonprofits which they, in turn, use to encourage contributions. 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.
Businesses: adh fishing Any entity that conducts a trade or business in the State and is subject to State income tax on individuals or corporations, the public service company franchise tax, or the insurance premiums tax.
Individuals: Individual residents of Maryland are eligible if domiciled in Maryland on the last day of the taxable year or if s/he maintains a place of abode in Maryland for more than six months of the taxable adh fishing year and is physically present in the State for 183 days or more during the taxable year. How to Apply for Credits adh fishing
Individuals and businesses making donations are required to complete a simple two-page form and submit it to Joe s. When filing your Maryland Income Tax Return, Part E of Form 500CR of the electronic return must be completed and submitted with appropriate documentation. Contact Melissa Rosenberg, Director of Development at 301-699-1819 or melissa@joesmovement.org with your intent to donate adh fishing to confirm tax credits are still available.
Net Cost of $5,000 Donation 232.50 * Using the highest 2014 state (5.75%) adh fishing and federal (39.6%) adh fishing marginal tax rates and shown for illustrative purposes only. The net cost of your donation depends on your particular federal and state tax brackets. Any individual or business contemplating making a donation is encouraged to consult with its tax professionals to determine the actual tax benefits from a donation to Joe s.
Like Loading... arts Charitable Tax Deduction CITC Community Investment Tax Credit donate to joe's donation Joe's Movement Emporium maryland maryland business tax credit maryland tax state tax credit support arts tax credit tax credits Post navigation
Connecting to %s
%d bloggers like this: