If you’re looking for an opportunity to reduce that income tax bite, you might consider the Neighborhood Assistance Program (NAP) tax credit. NAP is a state-authorized tax credit designed to let tax-payers direct a portion of their income tax dollars to specific local programs that serve low-income Hoosiers.

CANI has been awarded NAP tax credits by the Indiana Housing & Community Development Authority (IHCDA). For every NAP dollar you give to CANI ($100 minimum), you receive 50 percent of the contribution as a direct tax credit on your state income taxes. Unlike a deduction, NAP credits are applied to the Indiana state tax liability – the bottom line taxes a person owes after all deductions are taken.

Additionally, because CANI is recognized by the IRS as a 501(c)(3) charitable organization, a NAP contribution may also be taken as a federal tax deduction. (Consult your tax advisor for advice about your particular situation.)

Your NAP donation to CANI will be used to support the Family Development program in Allen, DeKalb, LaGrange, Noble, Steuben, and Whitley counties.

Tax credits are limited and can only be offered on a first-come, first-serve basis. If credits are available, then there are two forms that are required with your donation: the IHCDA Tax Credit Short Form and the Neighborhood Assistance Tax Credit Application (Form NC-10.) Contact Jennifer Renner, (260) 399-4103, to confirm credit availability.

* Donations received now will be applied to your 2009 tax liability. CANI cannot take pledges for NAP credits. Cash, checks, credit card 
   payments, and gifts of stock are accepted.

For more information about CANI or the Neighborhood Assistance Program tax credit, contact Jennifer Renner at (260) 399-4103.

Below are the links to the NAP Tax Forms – Both forms are required with your donation

IHCDA Neighborhood Assistance Program Tax Credit Short Form
      Neighborhood Assistance Tax Credit Application (Form NC-10.)