CITC (Community Investment Tax Credit)
What is the community investment tax credit (CITC)?
The Massachusetts Community Investment Tax Credit (CITC) provides a 50% state tax rebate for eligible donations to ACDC of at least $1,000. Donors can be individuals, corporations, or nonprofits. You don't even need to be a MA resident! The full value of your donation is also eligible for a federal charitable tax deduction.
Tax savings example:
Your Donation to ACDC | $5,000 |
CITC Rebate (50%) | $2,500 |
Your Out-of-Pocket Donation | $2,500 |
*Tax situations may vary. Be sure to consult with your tax advisor.
What are the benefits of CITC?
You're receiving a considerable tax benefit while making a charitable investment! As a CITC donor, you provide essential, flexible funds for ACDC to develop new programs, expand current services, and fill funding gaps. Join many other individuals, nonprofits, and businesses taking advantage of this unique opportunity today.
How does it work?
Make a donation of at least $1,000 online.
You can also write a check to ACDC. Funds must be received by December 31, so we advise mailing your check at least two weeks in advance to account for USPS delays. You are also welcome to email [email protected] to schedule a time to drop off your check.
You can choose to make your CITC donation in installments by emailing us and reserving your credits through a pledge. Your full donation must be received by December 31.
ACDC creates an online account to request your tax credit certificate, and you will receive an email to log in.
Fill out a quick and easy online form. Click here for a walkthrough.
The state will email you when your certificate is ready to download. Be sure to check your spam folder.
And that's it! Just 4 easy steps.
If you are not an MA resident, there's a simple form you submit after you complete the online application. Feel free to email [email protected], and we will be happy to assist you.
For more information: https://asiancdc.org/citc