Community Investment Tax Credit (CITC)

What is the Community Investment Tax Credit?

  • The Community Investment Tax Credit (CITC) supports community-led development initiatives and strong local partnerships by leveraging private contributions

  • An incentive for cash donations over $1,000
  • It is a refundable tax credit – 50% of the donation is credited directly against a donor’s tax obligation. If the tax credit is greater than the donor’s tax liability, the state will refund the remainder
  • The Community Investment Tax Credit (CITC) supports community-led development initiatives and strong local partnerships by leveraging the power of private contributions.
  • The CITC program allows you to double the impact of your financial support using a refundable tax credit equal to 50% of your donation.

  • Using CITC, 50% of qualified donation amounts are credited directly against a donor’s tax obligation. If the tax credit is greater than the donor’s tax liability, the state will refund the remainder
  • Dorchester Bay is proud to be an approved CITC partner. Our partnership status allows us to issue a pre-determined amount in credits each year. Credits are subject to availability, so please contact us to discuss how you can take advantage of this valuable program.
  • The CITC program is a win-win! Your donation of $10,000 today will make a big impact on the vital work of Dorchester Bay and may qualify you for a tax credit of $5,000! That’s $10,000 worth of support for a $5,000 net commitment!
  • This credit is only available through a charitable cash donation to a certified Community Development Corporation, such as Dorchester Bay Economic Development Corporation. Donations must be $1,000 or greater to qualify.

Make the most of your donation dollars!  Please contact Joseph Regan, Donor Relations Manager, at [email protected] or (617) 533-9564 for details.

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