There may be a substantial tax benefit for donations made to the Loveland Green House Homes for Life Enrichment through the Enterprise Zone. The net after-tax benefit for a gift of $1,000 is $630. In this way a gift of $1,000 costs only $370 after taxes (see example below). Specific net after-tax benefit for the same gift will differ based on individual tax situations.
The impact on income tax costs given the scenario of a contributor in the 33 percent federal tax bracket who gives a gift of $1,000:
Charitable Donation Deductions