|
TAX CREDIT
DONATIONS
Kansas tax credits are a way to substantially
reduce the cost of making a donation to a charitable cause. For
example, a business donor making a $1,000 charitable donation
receives a $500 Kansas tax credit. This reduces the donor's state
income tax liability by $500. In addition, the donor receives federal tax benefits that vary with the donor's effective tax
bracket and other individual factors.
Interfaith Housing Services was awarded a grant by the Kansas
Department of Commerce for State Tax Credits. In exchange for
donations made to IHS, donors receive a 50% Kansas Tax Credit. This
means that 50% of your donation is just like writing a check to the
State of Kansas for your yearly income tax obligations.
All proceeds of this grant go to fund
Individual Development Accounts (IDA)
that serve as an incentive for low-income individuals to save money
giving them a tool to help break the bonds of poverty. You can help us
attain that goal by making a donation of $250 or more to the IDA
Program.
For more information on tax credits or to
donate to the IDA Program contact:
John Scott,
President
Interfaith Housing Services
1236 E Avenue A
PO Box 1992, Hutchinson, KS 67504-1992
620.662.8370
jscott@IHS-Housing.org
|