Community Investment Tax Credit (CITC) Program


How to get 50% of your donation to MVLS back through MD state tax credits.

When you make a donation of $500 or more to MVLS, you may be eligible to receive a Maryland CITC tax credit equal to half the value of your donation.  The CITC program supports nonprofit organizations like MVLS by granting State tax credits to nonprofits which they, in turn, use to encourage contributions.  MVLS was recently awarded $50,000 in CITC tax credits to give to major donors by December 31, 2015.  CITC tax credits are equal to 50% of the value of the donated money, goods or real property and are in addition to Federal and State charitable tax deductions.

Who is Eligible

Businesses:  Any entity that conducts a trade or business in the State and is subject to State income tax on individuals or corporations, the public service company franchise tax, or the insurance premiums tax.

Individuals: Individual residents of Maryland are eligible if domiciled in Maryland on the last day of the taxable year or if s/he maintains a place of abode in Maryland for more than six months of the taxable year and is physically present in the State for 183 days or more during the taxable year.

How to Apply for Credits

Individuals and businesses making donations are required to complete a simple two-page form and submit it to MVLS.  When filing your Maryland Income Tax Return, Part E of Form 500CR of the electronic return must be completed and submitted with appropriate documentation.

Contact Stephanie Austin, Director of Development at 443 451-4065 or with your intent to donate to confirm tax credits are still available.

CITC Sample Table
* Using the highest 2014 state (5.75%) and federal (39.6%) marginal tax rates and shown for illustrative purposes only.  The net cost of your donation depends on your particular federal and state tax brackets.  Any individual or business contemplating making a donation is encouraged to consult  with its tax professionals to determine the actual tax benefits from a donation to MVLS.

Why Act Now

You could double your donation to MVLS this year and get the difference back at the end of the tax year.  You’ll reduce your Maryland tax liability while helping MVLS provide access to justice to low and moderate income Marylanders.