WV Tax Credits

TAX CREDITS AVAILABLE!!! Call Yvonne at 304-243-5420 or email yverno@fiacwhg.org
Contributions can be in the form of cash, personal property, real estate, stock and in-kind professional services. The minimum eligible donation is $500, the donor receives up to 50% of the donation in tax credit, allowing the donor or corporation to reduce their West Virginia tax liability no more than 50%.
There are three primary limitations on the use of the tax credits:
* The amount of credit allowable must be taken within a five-year period, beginning with the tax year in which the donation is made.
* A donor may receive no more than $100,000 annually in NIP tax credits.
* A donor cannot use NIP tax credit to reduce total state tax liability by more than 50 percent annually.
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