|
Each time you shop at your neighborhood Albertsons store and use your Preferred Savings Card, TESH will receive a percentage of your eligible purchases in the form of a cash contribution from Albertson’s, Inc. There is no cost to you. You just need to sign up or Join Today! Go to www.albertsons.com. Click on “In the Community” then click on the Community Partners logo link. Once you log in, click on Sign me up. You will need the TESH partner ID: 49000123318. Start making a difference today! |
 |
|
Charitable Donations to TESH, Inc.
Who is TESH?
TESH, Inc. is a private not-for-profit 501(c)3 organization offering choices and opportunities to people of all ages seeking greater independence, self-sufficiency, and participation in their communities in North Idaho. TESH, Inc. provides employment and life skills services to adults and children with developmental and mental disabilities, and other disenfranchised individuals.
Why choose TESH to receive your charitable dollars?
Charitable donations when made to a qualifying charity like TESH result in a deduction on individual and corporate Federal and State tax returns. In addition, donations to TESH, Inc. qualify you to receive a youth and rehabilitation facility state tax credit, even if you do not itemize.
How does the tax credit work?
When you make a donation to TESH, Inc., that amount is deductible on your Federal and Idaho income tax returns as an itemized deduction, which reduces the amount of income tax due. You will also receive a credit against your Idaho income tax. The credit is limited to the smaller of the following: 50% of the amount contributed, 20% of your Idaho Tax due, or $100 ($200 if married filing a joint return.)
|
Individual Taxpayers |
Corporate Taxpayers |
||||
15% Bracket |
25% Bracket |
$50-75K |
$75-100K |
|||
Single |
Married |
Single |
Married |
Income level |
Income Level |
|
Donation Amount |
$200 |
$400 |
$200 |
$400 |
$1000 |
$1000 |
Federal Tax Savings |
($30) |
($60) |
($50) |
($100) |
($250) |
($340) |
Idaho Tax Savings |
($12) |
($24) |
($15) |
($30) |
($76) |
($76) |
Idaho Tax Credit |
($100) |
($200) |
($100) |
($200) |
($500) |
($500) |
Total Savings |
($142) |
($284) |
($165) |
($330) |
($826) |
($916) |
After Tax Cost to Donor |
$58 |
$116 |
$35 |
$70 |
$174 |
$84 |