Support your favourite causes before 31 March and get your tax back this year
The months of February and March are a great time to give back to the region where you live. Many people will be working on their plans for the end of the financial year, including their giving goals, which makes it a great time to consider becoming an Acorn Foundation donor.
Not only is giving back to important local causes hugely satisfying, but donors can also receive a 33.3% tax credit this year on all gifts made before 31 March (up to the level of your taxable income).
Acorn Foundation Chair and Senior Partner at Findex Tauranga, Michelle Malcolm says, “We find that our clients have favourite causes that they love to support, and this time of year we remind them to give now to take advantage of this year’s 33.3% tax credit.”
How you can give and get back:
Give us a call to discuss your giving options.
How the numbers work:
GIVE $500 = GET BACK $166.50
GIVE $1000 = GET BACK $333
GIVE $5,000 = GET BACK $1,665
GIVE $10,000 = GET BACK $3,330
Acorn has invaluable and in-depth knowledge about organisations in our community that need support. Over the past 20 years, Acorn’s staff and volunteers have worked on important local issues and ensured their donors get the most out of their giving goals.
How to file a tax credit claim:
All donations made through the Acorn Foundation before 31 March 2024 will allow you to claim a 33.3% tax credit this year, up to the level of your taxable income.
After 1 April, simply file a tax credit claim form IR526 to get your refund and know that your contribution helped those in need in the Western Bay of Plenty.
Find more information about claiming tax credit on your donations on the IRD website here.