We invite you to take advantage of the new Attainable Homeownership Tax Credit program!
The Indiana state government recently passed the Attainable Homeownership Tax Credit, an incredible program designed to incentivize giving to nonprofits who build affordable homeownership opportunities in the state. Our goal is to increase the number of affordable, Habitat homes built around the state for Hoosiers in need of a safe, affordable place to call home. This program starts in 2024, and should continue through at least 2029.
To receive the tax credit for calendar year 2024, you must postmark your gift by 12/31/2024. Gifts of stock must be initiated by 12/20/2024.
How does it work?
Any individuals, couples, businesses and corporations with an Indiana state tax liability can donate to Habitat for Humanity, and receive an Indiana state tax credit equal to 50% of the gift! For example, a gift of $1000 would provide a $500 state tax credit. There is a cap of $10,000 in tax credits earned per tax year (for a $20,000 donation), but any unused credit may be carried over for up to five years. The ideal minimum donation is $1,000 for $500 in tax credits, and the maximum is $20,000 for $10,000 in tax credits. These credits are available on a first-come, first-serve basis. This program provides an opportunity for you to increase your support of local Habitat families now, while saving on your future tax liability.
Where: To process the tax credits, donations must be made to Habitat for Humanity of Indiana. Please include Habitat for Humanity of Monroe County on your tax credit form to ensure your donations benefit our local affiliate. Our Development Director, Lindsey Boswell, is available to answer any questions and assist you with completing your form.
Donate: To participate, contact Lindsey Boswell ([email protected]/812.331.4069 Ext 6) to ensure there are remaining credits. Checks must be sent with the completed tax credit form to Habitat for Humanity of Indiana, 101 W Ohio St., Ste 2000, Indianapolis, IN 46204.
How to make an AHTC gift:
1. Make your check payable to Habitat for Humanity of Indiana. In the memo line, specify Habitat for Humanity of Monroe County.
2. Download and fill out the Donor Contribution Form.
3. Mail your check and the donor contribution form to:
Habitat for Humanity of Indiana
101 W. Ohio St., Suite 2000
Indianapolis, IN 46204
Gifts of Stock/Online Gifts:
1. Visit Habitat for Humanity of Indiana’s online giving site here (note, credit card transactions incur additional fees)
2. Choose “ways to give” and enter in stock transfer information for necessary next-steps
3. Alert Lindsey with HFH Monroe County and Maggie with HFH Indiana of your incoming stock gift
4. Maggie will follow-up with the final gift amount once it has been processed.
5. Download, complete, and mail your Donor Contribution Form to:
Habitat for Humanity of Indiana
101 W. Ohio St., Suite 2000
Indianapolis, IN 46204
Eligible AHTC gifts:
Eligible donations include cash, checks, stocks and bonds, and approved land and new, in-kind construction materials. Contributions from donor-advised funds/trusts (DAFs) and qualified charitable distributions (QCDs) from an IRA may be eligible. Please consult your tax advisor for specific guidance on tax-credit giving.
There are specific steps you need to take to claim the tax credits. Contact Lindsey Boswell at [email protected] or 812-331-4069 for more information or with any questions.
