The Indiana state government recently passed the Attainable Homeownership Tax Credit, a $4 million program designed to incentivize individuals and businesses to contribute to Habitat affiliates. This program is a significant recognition of the growing need for more affordable homeownership options in our community.
How does it work?
Tax credits may be used to offset individual state income taxes or business taxes in the tax year the donation is made beginning in 2024. When you donate to Habitat for Humanity of Indiana, you can receive a tax credit worth 50% of your donation, up to $10,000 in tax credits. This means that a donation of $2,000 could result in a $1,000 tax credit for you or your small business.
The increased funds from this initiative will enable us to: