Under EISTC, contributions to state-approved foundations qualify for standard federal and state tax deductions plus Virginia Tax Credits equal to 65% of the donation. In other words, you automatically shave $650 off your Virginia tax bill with a $1,000 contribution, not to mention enjoying your other federal and state deductions.
Donors can use the state Tax Credits beginning the year that the donation is made, and for up to five successive years.
Get started by downloading these two documents and mailing to the Diocese of Richmond:
- Letter of Intent
- Preauthorization Form