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It is also a great pleasure to announce that we have been approved as a qualifying nonprofit for an Oregon dollar for dollar tax credit, and that is in addition to your tax deduction.
Tax deduction? Tax credit? I was confused at first, but it really is quite simple. A tax deduction lowers your taxable income, the amount on which you pay taxes. A smaller percentage of income means a smaller percentage of income tax.
That’s a good thing in itself, but a tax credit is not a percentage; it is a dollar for dollar match against your tax liability, the amount you owe.
Since you have to pay taxes anyway, why not support Santiam Hearts to Arts AND The Oregon Cultural Trust?
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