NIP Tax Credits

Health Access is happy to announce that we have been awarded $28,000 of NIP credits through the West Virginia Neighborhood Investment Program

Over the past few years Health Access has been a proud participant in the Neighborhood Investment Program and we’re excited to have the opportunity to participate once again. The West Virginia Neighborhood Investment Program helps support nonprofit charitable organizations by providing tax credits as an incentive to stimulate and increase donations from the community to qualifying 501 (C)3 nonprofit organizations. Tax credits help to reduce the amount of taxes a donor pays by offsetting the actual taxes owed in contrast to deductions which merely reduce the donor’s taxable income. Generally, a tax credit is worth substantially more than a tax donation.

You can receive a WV Tax Credit equal to HALF of your gift of $500 or more. 

That means as a donor you can double your gift without incurring any additional cost. These credits directly reduce the amount of your WV taxes and are available to both individuals and businesses in West Virginia. Since we have a limited amount of credits to use, they will be distributed on a first-come basis to qualifying donations.

Here is an example of how an NIP credit works. 

Donation to Health Access: $500     $1000      $1500      $2000

Amount of NIP Credit:         $250     $500        $750         $1000

 

If you have questions about NIP tax credit, please contact Jim Harris using the form below or  by phone at (304) 622-2708.