Attainable Homeownership Tax Credits
WE BUILD THE HOUSE - YOU TAKE THE CREDIT
Take advantage of this opportunity to significantly
impact our local community while generating
substantial tax savings.
Great news for Indiana state taxpayers! Individuals, couples, businesses, and corporations who pay Indiana state taxes can deduct 50% of their contributions to Habitat for Humanity
from their Indiana state tax liability.
This new tax-credit program called the
Attainable Homeownership Tax Credit (AHTC),
will help Habitat build more homes for struggling families.
WHO:
Tax credits are available for qualified individual taxpayers, small businesses, or corporations in Indiana that donate to
Habitat for Humanity of Indiana.
WHAT:
Starting in 2024, these tax credits can be used to offset individual income or business taxes in the year the donation is made.
Eligible donations can be checks and credit cards, land, stocks and bonds, or cryptocurrency.
HOW:
The tax credit is equal to 50% of the donation made to Habitat. For example, a $1,000 gift qualifies you for a $500 tax credit on your Indiana State income tax return. A cap of $10,000 in tax credits (for a $20,000 donation) is allowed per tax year, but any unused credits can be carried over for up to five years.
The minimum donation is $1,000 for $500 in tax credits, and the maximum is $20,000 for $10,000 in tax credits.
WHERE:
To process the tax credits, donations must be made to Habitat for Humanity of Indiana. Please include the name of the Habitat Affiliate Designation, Habitat for Humanity of Elkhart County, on your tax credit form to ensure your donations benefit Habitat for Humanity of Elkhart County. Our development director is available to answer any questions and assist you with completing your form.
DONATE:
To participate, email kristin@habitatec.com to receive your tax credit form. Checks must be sent with the completed tax credit form to Habitat for Humanity of Indiana, 101 W Ohio St., Ste 2000, Indianapolis, IN 46204. If you have any questions, contact us at 574-533-6109.