COMMUNITY INVESTMENT TAX CREDIT

The Massachusetts Community Investment Tax Credit (CITC) provides a 50% state tax rebate for donations to ACEDONE of at least $1,000 from local individuals, corporations, or nonprofits all while investing in economic and community developments in Massachusetts communities. The Community Investment Tax Credit (CITC) provides a 50% tax credit against the Commonwealth of Massachusetts tax liability. That means for every $1,000 you donate you could potentially receive a state income tax credit of $500.

• If you do not owe state income tax, the tax credit will be paid to you directly; it is "refundable."

• Donors may also be eligible for a federal tax deduction for their donation.