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Do you own houses, apartments, or condominiums that you have held long-term? If so you might consider donating these units to Homes For Independence. In exchange, you will avoid or delay capital gains tax and may receive a substantial tax deduction for the fair market value of the property.
In addition, the State of Florida offers a community contribution tax incentive to donors. Florida corporations that contribute to HFI qualify for a 50% tax credit, which, when combined with state and federal tax deductions, reduce the actual cost of a donation to 29¢ on the dollar!
For more information, call 727 538-7370, Ext. 345.
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