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Community Investment Tax Credit Program

Sponsored by the MA Dept. of Housing and Community Development

Four easy steps to qualify for a tax credit.

  1. Make a donation(s) totaling at least $1,000 to Lena Park and make a note in the memo that it is for CITC.
  1. Notify Amy Malkemes at amalkemes@lenaparkcdc.org of this donation and submit your email address to her to process your tax credit.
  1. Amy will email you a link to fill out the online CITC form from the MA Dept. of Housing and Community Development to secure your tax credit.
  1. File your taxes. Once you have submitted your CITC form online, Amy will confirm that the information is correct and you will receive via snail mail your tax paperwork from the MA Dept. of Housing and Community Development that you will give to your tax accountant.

Tax Benefit Example

Donation to Lena Park

 $1,000

 $5,000

 $10,000

Community Investment Tax Credit (State)

 $500

 $2,500

 $5,000

Federal Tax Savings (35% tax bracket)

 $175

 $875

 $1,750

Your Total Tax Savings

 $675

 $3,375

 $6,750

Your Out of Pocket Donation (based on deduction and credit)

 $325

 $1,625

 $3,250

These calculations are for illustration purposes only, and we recommend you seek guidance from your financial advisor to discuss your tax credit benefits based on your personal situation.