JAS has a wonderful opportunity for all donors: the Community Investment Tax Credit (CITC) program which provides a 50% refundable state tax credit to donations of $1,000 or more to JAS. Please be advised that Just-A-Start has fully utilized its 2020 CITC allocation. Check back in 2021 for updates on JAS’s 2021 CITC allocation.
Your donation will have a huge impact on the community improvement work that JAS does every day because for every donation over $1,000, you will receive 50% back in the form of reduced state taxes (or a refund from the state). You may also be able to take a federal deduction on your donation.
CITC benefits to donors:
- Considerable tax savings.
- If the tax credit exceeds your state tax liability, the state will send you a refund.
- Individuals, foundations, corporations, and other nonprofit organizations can take advantage of the CITC.
For more information on the Commonwealth of Massachusetts’ CITC program please visit: http://www.macdc.org/community-investment-tax-credit or http://www.mass.gov/hed/community/funding/community-investment-tax-credit-program.html
For more information about JAS’s CITC program, please contact Carmen Chan, Director of Philanthropy, at CarmenChan@justastart.org or 617-918-7558.