An in-kind gift must be approved and received by the local Habitat affiliate and in-kind donation form will need to be completed. The tax credit is for building new units of homeownership, so materials must be used in construction to meet that goal. To process the tax credit, send the tax credit donor contribution form and attach a copy of the in-kind donation form to send to Habitat for Humanity of Indiana.

Habitat homeowners are chosen without regard to race, color, religion, gender, national origin, familial status, disability, marital status, ancestry, sexual orientation, source of income or other characteristics in keeping with U.S. law and with Habitat’s abiding belief that God’s love extends to everyone. Habitat also welcomes volunteers from all faiths, or no faith, who actively embrace Habitat’s goal of eliminating poverty housing from the world.

No, Habitat homeowners have an affordable mortgage, pay modest closing costs and complete 200 hours of “sweat equity,” including homeownership classes through Habitat University, construction on their home and the houses of other future Habitat homeowners. Families and individuals must meet three criteria to qualify for the program: need, affordability, and willingness to partner.  

Yes, you may be able to use multiple tax credits, but you should consult with your tax professional to be sure you understand the limits on any other tax credit program you are participating in. Donors are only allowed a maximum of $10,000 per tax year for the Attainable Homeownership Tax Credit.

Yes, but it will require the affiliate writing you a check back for the donation and you reissuing one to Habitat for Humanity of Indiana, as they are the only Habitat agency that can process a tax credit.

The tax credits are in the Indiana state budget beginning on July 1, 2024; however, any qualified donation made after January 1, 2024, may be eligible.

The data concerning your contribution and tax credit will be shared with the Indiana Department of Revenue to process your tax credit. Your data will also be shared with your local Habitat affiliate so they can send a thank you. HFHIN does not share or sell donor data to any external agency.

Speak with your local affiliate about the donation you would like to make or contact taxcredit@habitatindiana.org to be connected to our broker. Our policy states that stock is sold on the day it is received, and the valuation is based on that sale amount.

Contact your tax professional if you are seeking a credit from a donation from a donor advised fund. The Indiana Department of Revenue has specific rules related to DAFs.

The Indiana Department of Revenue does not allow in-kind gifts of labor for any of its programs including the Attainable Homeownership Tax Credit.

Schedule IN OCC (Other Certified Credits) on your state income tax form.

Cash, checks, credit cards, stocks, bonds, land/real estate, cryptocurrency, and larger in-kind gifts of building materials are eligible for the program.

All land donations must be approved by the local Habitat affiliate as suitable for their use, prior to making the donation. In addition to approval, there must be a third-party appraisal performed to establish the value. Once this is completed, there will be title work performed at Barrister Title to ensure clear title. At that time, a corporate warranty deed will be prepared. No limited warranty deeds will be allowed. To process the tax credit, the donor will need to fill out a tax credit donor contribution form and attach a copy of the appraisal when sending it to Habitat for Humanity of Indiana. The first step in making a land/real estate donation is talking with your local Habitat affiliate.

Schedule IN OCC (Other Certified Credits) on your state income tax return.

Reach out to email taxcredit@habitatindiana.org or call 317-454-8090 and ask for Maggie Wimberly if you need any assistance with your tax credit claim.

In addition to an acknowledgement letter from HFHIN for the tax credits, your local affiliate will also send a thank you upon receipt of the gift.

After the donation is made, HFHIN will send you an acknowledgement letter that will have all the pertinent information needed for your tax professional to fill out your Indiana income tax forms to properly claim your credits.

HFHIN is processing all of the tax credits at the request of the State of Indiana so there is only one point of contact to process tax credits and ensure privacy, proper accounting, and accurate interface with the Department of Revenue. Due to the volume of tax credits in this program, this will ease the administrative burden for affiliates. Simply send your form and donation in the pre-paid business reply envelope, and HFHIN will take care of the rest.

You may only carry forward tax credits if your tax liability is less than the tax credit amount in a given year. For example, if you have $10,000 in tax credits and you only have $8,000 in tax liability, then you may carry forward the diƯerence of $2,000 in tax credits for up to 5 years until you expend all of the credits. Credits are expended based on the year they were acquired; older tax credits must be used before new tax credits may be applied.

Yes, a maximum of $10,000 in tax credits can be awarded every year if your affiliate has credits available. Credits are processed on a first-come, first-served basis until they are expended or drawn down each year. The tax credit program is currently scheduled to sunset on January 1, 2030.

A donor can make any size donation but may only claim a maximum of $10,000 in tax credits in a given tax year. (Donations over $20,000 do not receive more than $10,000 in tax credits).