Michigan tax credits for being charitable end on New Year's Eve - Holland, MI - The Holland Sentinel Not only is New Years Eve the last day to make tax-deductible gifts that can be qualify for your 2011 income taxes, its also your last shot to earn state tax credits for donations to food banks, universities and community foundations.

One of the most prominent repealed credits was Michigans 50 percent credit for contributions to homeless shelters like the Holland Rescue Mission, food banks, and public institutions like the Community Foundation of the Holland/Zeeland Area. The credits provide up to $200 for a couple giving $400 to a qualifying charity or $100 for an individual giving $200 to a qualifying charity. The tax credits really did spur a lot of giving, said Holland Rescue Mission Executive Director Darryl Bartlett, whose organization has benefited from the credits for the last 19 years. New Years Eve, will be the last day people can earn the tax credits by donating to the mission, through its website, hollandrescue.org.

Donations charged to a credit card before the end of the year count for 2011, even if the credit-card bill isnt paid until next year, according to the IRS.

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