Hello and Happy New Year!
Your support of Serviam Girls Academy makes a big difference in the lives of our students. It also could make a big difference in your 2024 tax year due to Serviam being a qualified organization whose donors benefit from the NAA Tax Credit.
You can double your impact at half the expense!
For example, your $2500 donation (the minimum required
for the tax credit) would ultimately result in an
out-of-pocket $1250 expense and a $1250 tax credit at year end.
Serviam Girls Academy participates in the Delaware Neighborhood Assistance Act (NAA) Program which encourages businesses and individuals who pay Delaware state income taxes to invest in programs serving low and moderate-income families. In exchange for a qualified contribution to an approved organization, like Serviam, the NAA provides state tax credits equal to 50% of the investment. It is anticipated that a maximum of $1,000,000 in tax credits will be available statewide this year with a maximum credit of $50,000 per taxpayer.
By clicking on "NAA Quick Facts" at the bottom you will find a full description of the program including some very important details:
Making your gift as soon as possible will increase your chances of receiving this tax credit. While an official date has not been announced, the NAA portal will be opening in mid-March, 2024. You can take a forward looking approach and send your donation to Serviam now. We will file paperwork and enter your contribution as soon as the portal becomes available.
- You must have a Delaware tax liability in order to be eligible. If you work in Delaware, but live out of state, please check with your accountant and the Delaware Division of Revenue to learn if you may be eligible.
- Communications and notifications from the Delaware State Housing Authority (DSHA) regarding your Tax Credit will take place electronically using the e-mail address listed on the forms submitted.