How does NAP work?
NAP tax credits are first come, first serve and are in limited supply - only $45,900 remaining!
What are NAP Tax Credits?
NAP Tax Credits are used by not-for profits, like MFCDC, as an incentive to help leverage more contributions from individuals and businesses for a specified neighborhood project. MFCDC is using these credits to transform 1.61 acres in Mapleton-Fall Creek into 3 neighborhood pocket parks.
Who benefits and how?
The donations made with NAP Tax Credits go to the development of 3 neighborhood parks in Mapleton-Fall Creek. There will be a park at 2900 Park Avenue, 3000 Ruckle Street and 3100 New Jersey Street. These parks will provide MFC residents with more green space, access to nature, opportunities for physical fitness, and places to gather. So, who benefits? EVERYONE! Parks provide physical, physiological and psychological health benefits to individuals of all stages of life!
YOU, the donor, benefit as well!
For every donation of $100 or more, the donor will receive a 50% tax credit (not a deduction, it comes right off the top of your State Tax Liability) in addition to any federal tax deduction that the donor is eligible for. This means that a $100 donation would only cost you $50, and, depending on your federal tax liability, could end up costing you even less! Check out an example of how this works for you:
Your Contribution ($1,000)
Your savings on Indiana state taxes $500
Your savings on Federal Income Tax
Deduction* $150
*dependent upon tax bracket
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Total Cost of Contribution $350