NAP Credits

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NAP Credits

Want to Pay Less in Taxes? NAP Credits

Child Development Resources is expected to receive Neighborhood Assistant Plan (NAP) tax credits again on July 1, 2016, for Virginia donors who make gifts of $500 or more. These credits allow a “rebate” by reducing your Virginia taxes for the year by an impressive 65 percent of your gift. Therefore, the cost of the gift to you is reduced! Credits are available on a first-come first-serve basis through the Virginia Department of Education, and they go quickly. If you are interested, please call the Development Office at 757-566-3300, or email us at development@cdr.org.

 NAP Credits allow a “rebate” by reducing your Virginia taxes for the year by an impressive 65 percent of your gift!

Gift Amount

$500
$1,000
$3,000
$5,000
$10,000
$15,000

Tax Credit

$325
$650
$1,950
$3,250
$6,500
$9,750

Net Cost of Gift to You

$175
$350
$1,050
$1,750
$3,500
$5,250

  • Not a tax deduction, but rather a dollar for dollar credit.
  • Credit does not affect federal deductions.

Questions or concerns about your child? Call CDR’s TOTS line at 757-566-TOTS.

¿Tiene preguntas acerca de su bebé o niño? llame al 757-566-3300.