# Tax Calculator

Unsure how a CDFA Tax Credit might benefit your business? Use our interactive calculator to see how your donation to a Tax Credit project could affect how much you pay Concord and Washington in taxes.

### Estimate of Donor's Net Cost of Contributing Through CDFA Tax Credit Program

  Without Contribution With Contribution Net Savings Amount of Contribution: Business’s Estimated Taxable Income: 1. Tax Credit Calculation 75% Tax Credit Earned \$0 \$18,750 a. Current Year NH Business Tax Credit \$0 \$6,375 \$6,375 b. Balance of Tax Credit to be Applied to Additional NH Business Tax or Carried Forward to Another Tax Year \$0 \$12,375 \$8,168 2. Federal Income Tax 3. Taxable Income before CDFA Contribution & NH BPT \$99,999 \$99,999 4. less: Contribution to CDFA (Net of Tax Credit Benefit) \$0 \$-25,000 5. less: NH Business Profit Taxes \$-8,500 \$0 6. Adjustments to Taxable Income (3+4+5) \$-8,500 \$-25,000 7. Net Federal Taxable Income \$91,499 \$74,999 8. Federal Income Tax Rate 34.0% 34.0% 9. Total Federal Income Tax Liability \$31,110 \$25,500 \$5,610 10. NH Business Profit Tax 11. Net New Hampshire Taxable Income \$99,999 \$74,999 12. NH Business Profit Tax Rate 8.5% 8.5% 13. Total NH BPT Liability \$8,500 \$6,375 \$2,125 14. Net Savings on a \$25000 Donation to CDFA Tax Credit Program \$22,278 15. Net Percentage Cost of Original Contribution 16. Net Cost of \$25000 Contribution \$2,723 17. Net Percentage Cost of Contribution 10.9%
##### Notes:
• i. Line 5: NH BPT net of Tax Credits is equal to line 13 less line 1.
• ii. Line 11: Net NH Taxable Income is equal to line 3 less line 4 in the Federal Income Tax section.
• iii. A 5 year carryforward is allowed if the total amount of the tax credit is not used in the year it is issued.
• iv. For Federal tax purposes there may be limitations that apply to your business.
• v. Contributors are responsible for consulting with their own tax advisors to determine the impact of contributing to the CDFA tax credits on their finances.
CDFA Events
2014-04-30
The deadline for the first round of CDBG Planning Grants
2014-05-20
Required for all awardees, this workshop discusses how to implement the requirements of a CDBG grant.
2014-06-04
This workshop will explain the CDBG program and instruct applicants how to apply for funding.
2014-07-08
The CDFA Board of Directors will hold their monthly meeting and make funding decisions for the Tax Credit Program.
2014-07-15
Reporting for CDBG recipients