As we get closer to the end of the year, you have probably started thinking about preparing your returns. This could help! IDO has great way for you to help the Irvington Streetscape stay bright, clean, and green while also saving some “green” on your state taxes. For the second year now, the state of Indiana is offering Neighborhood Assistance Program (NAP) tax credits to individuals who donate to the Washington Streetscape Maintenance Fund.

When you contribute to the Irvington Streetscape between July 1, 2017 and March 31, 2018, you can reduce your state tax liability by 50% of the donation amount. But we need to sell 60% of those credits before December 31st!

The minimum donation is $100, and all donations can be made in installments as long as they are within the same calendar year. So for a $1,000 donation, you can take $500 off what you owe in state taxes. If you itemize, you can also claim the full $1,000 as a deduction on your federal taxes, further lowering your out-of-pocket costs.

For more information on how you can help the Irvington Streetscape and save money on your taxes — and who doesn’t want to do that? — contact margaret@irvingtondevelopment.org.

This entry was posted in Blog, East Side Indy, IDO News.