If you donate to certain public charities then Indiana will give you a tax credit equal to half of your donation, so effectively it costs you half as much to help that charity. This is one way that Indiana encourages Hoosiers to donate and charities to perform certain desirable work, such as employment training or affordable housing. The public charity provides a letter to you as instructed by The Indiana Housing and Community Development Authority, which you use on your Indiana individual tax return to reduce your State income tax.
Per The Indiana Housing and Community Development Authority rules, we must give away 60% of our remaining $3,808 NAP tax credits to donors before the end of December 2018. If you would like to support our work and receive half your donation back as a tax credit, this is the time to donate. Our PayPal donate button is on the right, or checks can be mailed to us at Adult Life Training, Inc., 3301 E Coliseum Blvd, Fort Wayne, IN 46805.
Donations must be at least $200 to qualify (because the minimum NAP tax credit that we may give is $100). The Indiana Housing and Community Development Authority provides more information:
FROM: Indiana Housing & Community Development Authority • www.in.gov/ihcda/ihcda • (317) 232-7777
SUBJECT: NEIGHBORHOOD ASSISTANCE PROGRAM (NAP) through Adult Life Training, Inc.
WHAT IS NAP?
The Neighborhood Assistance Program (NAP), established by Indiana Code 6-3.1-9, offers $2.5 million in tax credits ($40,000 maximum per organization) annually for distribution by not-for-profit corporations. Organizations use NAP tax credits as an incentive to help them leverage more contributions from individuals and businesses for programs and services benefiting economically disadvantaged households or communities.
HOW DO THE CREDITS WORK?
Organizations, corporations and individuals are each eligible to make a contribution* to a NAP agency. When they do, they will receive a tax credit on their Indiana taxes worth 50% of their contribution. For example: If an individual contributes $1,000 they will receive a $500 Indiana tax credit. Donations are reported to the Indiana Department of Revenue (IDOR) and a credit is given to the donor’s state tax liability.
WHAT ARE ELIGIBLE CONTRIBUTIONS?
• Credit Card
• Stock (which has been liquidated)
• Contributions designated through United Way
• In-kind donations** (exclusively building materials)
• Property donations
*No single contributor may donate more than $50,000 in a calendar year. Contributions of amounts smaller than $200 will only be accepted if the awardee’s remaining credit balance is less than $100 .
**Services (sweat equity), supplies and equipment are not eligible in-kind donations.
WHAT ARE ELIGIBLE PROJECTS?
• Affordable Housing
• Educational Assistance
• Emergency Assistance
• Job Training
• Medical Care
• Recreational Facilities
• Downtown Rehabilitation
• Neighborhood Commercial Revitalization
For more information contact:
Adult Life Training, Inc. on the beautiful ALC Campus, 3301 E Coliseum Blvd, Fort Wayne, IN 46805 260.432.0014 x128
or the Indiana Housing & Community Development Authority • http://www.in.gov/myihcda/nap.htm • (317) 232-7777