NORFOLK, Va. (WAVY) - Cheryl Tan learns about a little-known tax incentive that encourages donations to local non-profit organizations in this edition of "What's Your Problem?"
If you're planning to donate at least $500 to a local non-profit organization, check out the Neighborhood Assistance Program first. If that organization is on the list, you can get back 65 percent of the amount you donate in your Virginia state taxes.
If you decide you want to give, you must go here first:
Find the organization you wish to donate to on the list and call them to make sure there are still tax credits available. You must download the form and send your donation in with that form. You will get a letter in the mail with your tax credit confirmation, which you will need when you put together your taxes next year.
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