State charitable tax credits are a win for everyone; qualified charities receive the support they need at no extra expense to the taxpayer beyond what they would already owe to the state in taxes. Note that while credits are non-refundable (i.e. if you don’t end up owing enough in taxes to fully benefit from the credits, you will not get a refund from the state), unused credits can be carried forward for 5 years.
How to Start a Non-Profit Organization
We put together a guide to five things all non-profit founders should do before filling out any paperwork to help you get started on the path to success.