If you donate $500 or more in a single calendar year, you are likely eligible for Community Investment Tax Credits! Any individual or business that pays taxes to the state of Maryland can donate $500+ to Federal Hill Main Street and receive 50% of the value of their contribution in tax credits (in addition to existing deductions). This program is made available to FHMS by the Maryland Department of Housing and Community Development.
Make a pledge today!
Eligible Donors:
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- Individuals: An individual is a natural person or fiduciary having personal tax liability in the State of Maryland.
- Businesses: Any entity that conducts a trade or business in the State and is subject to: the State income tax on individuals or corporations; the public service company franchise tax or the insurance premiums tax. These types of entities generally include corporations, public utility companies, insurance companies, financial institutions, S corporations, partnerships, sole proprietorships, and limited liability corporations.
Eligible Contributions:
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- Cash contributions of $500 or more
Please note, tax credits must be used against Maryland state taxes owed for the year in which the contribution was made. Additionally, tax credits are limited and will be distributed on a first come, first served basis.
If you have questions, contact us at projects@fedhill.org to learn more about how you can save on your Maryland state taxes while supporting our essential community work.
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