Molly Hilligoss, Executive Director of Habitat for Humanity of Wicomico County, announced today that Community Investment Tax Credits are available for donations of $500 or more to support Habitat’s efforts to revitalize the East Church Street neighborhood.
“Tax Credits provide a wonderful opportunity to reduce your Maryland tax bill while contributing to a great cause,” explains Mrs. Hilligoss. The Community Investment Tax Credit program provides an incentive for Maryland businesses and individuals to increase their charitable giving. For every donation of at least $500, which qualifies as a charitable contribution on both Maryland and Federal returns, individuals or businesses receive their normal charitable deduction on both Federal and State taxes and an additional credit of 50% of the donation on their Maryland tax return. “This is a win-win proposition,” notes Hilligoss. “Donors realize significant savings on their tax obligations while supporting an organization that has a positive impact on their community.”
The State of Maryland has awarded Habitat tax credits to continue its efforts to revitalize the Church Street neighborhood. Habitat has built or renovated 17 homes in the Church Street area, and a total of 62 in the county, stimulating private investment and helping to reduce crime. Contributions to Habitat not only help a deserving low income family to realize their dream of home ownership, but in revitalizing a core city neighborhood, improve the quality of life for all the residents of Wicomico County, “ Mrs. Hilligoss explains.
For further information on the benefits of tax credits, please call Molly Hilligoss at 410-546-1551 or visit Habitat’s web site at www.wicomicohabitat.org
