Read Aloud West Virginia can once again offer West Virginia Neighborhood Investment Program (NIP) tax credits to qualifying donors. The benefit reduces a donor’s state personal income tax bill or corporate net income tax bill by as much as half of the gift amount.
Donations of at least $500 qualify for the NIP credit and help us pursue our mission to motivate children across the state to want to read. With your help, we are changing the literacy climate in West Virginia.
Donations made by Dec. 31, 2018 can qualify for credits to apply to taxes due in 2019, but credits are limited and offered for as long as they are available.
The tax credit may be applied in one year, or during the next five years. Individuals are limited to receiving no more than $100,000 in NIP credits in a single year.
Proposed changes in federal tax policy could reduce the effect of the state credit on federal taxes related to donations made after Aug. 27, 2018, but state rules are unchanged.
Donors may give online, or make checks payable to Read Aloud West Virginia and send them to Read Aloud West Virginia, P.O. Box 1784, Charleston WV 25326.
For more information about NIP tax credits or anything else, please call Read Aloud at (304) 345-5212, or email Executive Director Mary Kay Bond at readaloud@frontier.com. Thank you.