Cash Donations to Love INC Now Qualify For 50 Percent Tax Credit

Michigan tax law permits taxpayers to reduce their Michigan Income Tax. Michigan tax payers can receive a credit of 50% of the amount they contribute to charitable organizations that are eligible for the Michigan Homeless Shelter/Food Bank Nonrefundable Credit (see chart below). 

Since Love INC qualifies for this credit, a larger portion of your cash donation to Love INC can come right back to you in a tax credit – a 50% tax credit for donated amounts up to $200 for a single individual or married persons filing separately, or up to a $400 tax credit for married persons filing jointly. If you itemize on your Federal Tax Returns, your donations are still eligible for federal deductions.

We recommend that you consult your CPA or professional tax advisor to see if you qualify for this special tax credit.