|
ENTERPRISE ZONE TAX CREDIT
|
|
*Make a minimum gift of $250 to Samaritan House Homeless Shelter and take a 25% tax credit on your state income taxes.
Real Cost of Giving – The table below illustrates how a large part of your donation comes back to you in various tax credits and deductions, to significantly reduce the after-tax cost of your donation.
| Contribution |
$250
|
$500
|
$1,000
|
$10,000
|
| Enterprise Zone Credit |
($63)
|
($125)
|
($250)
|
($2,500)
|
| Federal Tax Savings |
($58)
|
($116)
|
($232)
|
($2,322)
|
| Colorado Tax Savings |
($12)
|
($23)
|
($46)
|
($463)
|
| Returned to you at tax time |
$132
|
$264
|
$529
|
$5,285
|
| After tax cost of giving |
$118
|
$236
|
$471
|
$4,715
|
Figures in the table are based on a 33% tax bracket. This information should not be construed as tax advice. Please consult your tax advisor as situations may vary.
