We are excited to announce that VICCC has qualified for the Virginia Neighborhood Assistance Program (NAP) for Education again this year! This tax credit program gives our valued donors the opportunity to apply for up to a 65% tax credit for qualifying donations.*
If you write a check to VICCC for a N.A.P. donation, we ask that you please write “N.A.P. Donation” in the memo/subject line. This is essential for N.A.P. tracking and record keeping. Even if your donation is less than the qualifying donation amount, but you plan to donate up to the amount over time, please still make a note on the check.
CLICK HERE for more NAP Information.
|Estimated Tax Savings||Individuals||Businesses|
|Donation to VICCC||$500||$1000|
|NAP State Tax Credit Rate||65.00%||65.00%|
|NAP Tax Credit Dollar Amount||($325)||($650)|
|Out of Pocket Donation Cost||$175||$350|
*Minimum qualifying donation for Individuals: $500
*Minimum qualifying donation for businesses: $616
The NAP tax credits may be applied to your Virginia state taxes, and the entire amount may be claimed on your federal taxes as a charitable contribution deduction. Participation in NAP allows directed giving, providing you control to make your tax dollars benefit you and your community the most. Eligibility includes both one time and cumulative donations which reach the qualifying amount within the same tax year. The minimum donation amount must be met between July 1 and December 31, 2015 or between January 1 and June 30, 2016 to qualify.
If you are interested in participating in NAP, please contact VICCC Site/Program Director, Judy Chesler, at VICCCcburg@verizon.net or call 540-951-8101.
All NAP tax credits are offered on a first come, first served basis.