Redirect Your Alabama State Income Tax to Support Women-Led + Community Businesses
Did you know that you can redirect a portion of your Alabama state income taxes to support women-led and under-resourced small businesses?
Why redirect?
- You get to CHOOSE how some of our state income tax dollars are put to work!
- It is an easy way to help grow women-led and under-resourced businesses right here in Alabama! There’s no additional cost to you – it’s simply choosing where your tax dollars go.
- Tax credit dollars will directly fuel the growth of women-led businesses working to surpass $1M in revenue, while also supporting investor education to make investing more inclusive and accessible for all.
Data shows that women-led businesses are purposeful and community-driven. Helping them grow creates a greater impact for us all.
How does it work?
Through the Innovate Alabama Tax Credit Program, you can redirect up to 50% of your state income tax liability to Malone Unlimited’s Small Business Growth Program. Instead of sending it all to the state, choose to fund women-led and under-resourced businesses right here in our community.
- Decide how much you will direct to Malone (you can redirect up to 50% of your total state income taxes).
- Sign a short letter of intent by April 30th here.
- In June, log into My Alabama Taxes to claim your tax credits. Then send the tax dollars directly to Malone Unlimited.
- Get a write-off or refund for the amount you already paid when filing your 2025 taxes in 2026.
be filling out the form below or by clicking HERE
How do I know what my income dollars are?
Check your previous tax statements (2024 taxes) to see how much AL state income tax you or your business usually owe to the State of Alabama. If you think your taxable income will be the same in 2025 you can choose up to 50% (one half) of how much you owe.
Here is a guide for individuals:
Married filing jointly: Income of $200,000 is about $9,340 in estimated AL tax. You can redirect $4,670
Married filing jointly: Income of $150,000 is about $6,840 in estimated AL tax. You can redirect $3,420
Married filing jointly: Income of $100,000 is about $4,350 in estimated AL tax. You can redirect $2,175
Single or filing independently: Income of $100,000 is about $4,740 in estimated AL tax. You can redirect $2,370
Single or filing independently: Income of $75,000 is about $3,488 in estimated AL tax. You can redirect $1,744
Or click here to estimate how much you owe based on your income and filing status.
The income tax rate for businesses can be found here.
Where can I get help?
We have partnered with Talibah, Founder of Bankably who specializes in Tax Advisory and Accounting. Reach out to Bankably at customerservice@trusttmbtaxes.com
Or join us for an info session at Bandit Patisserie (yes, the one with the amazing macaroons!) on April 17th from 4–6pm—because nothing pairs better than sweets and smart tax moves! Please RSVP here.
FAQ
Who can participate?
Any Alabama business or resident (you) who pays state income tax.
Is there a minimum amount I have to choose to redirect?
No!
Is this the same as a charitable donation?
No! This is a state tax credit, not a deduction. You’ll receive a dollar-for-dollar reduction in your Alabama taxes – you can’t claim the same contribution as a federal charitable deduction.
How do I know how much to redirect?
Check your previous tax statements (2024 taxes) to see how much AL state income tax you or your business usually owe to the State of Alabama. If you think your taxable income will be the same in 2025 you can choose up to 50% (one half) of how much you owe.
Here is a guide for individuals:
Married filing jointly: Income of $200,000 is about $9,340 in estimated AL tax. You can redirect $4,670
Married filing jointly: Income of $150,000 is about $6,840 in estimated AL tax. You can redirect $3,420
Married filing jointly: Income of $100,000 is about $4,350 in estimated AL tax. You can redirect $2,175
Single or filing independently: Income of $100,000 is about $4,740 in estimated AL tax. You can redirect $2,370
Single or filing independently: Income of $75,000 is about $3,488 in estimated AL tax. You can redirect $1,744
Or click here to estimate how much you owe based on your income and filing status.
The income tax rate for businesses can be found here.
Can I redirect my taxes to Malone Unlimited AND another economic development program?
Yes. Just make sure the total amount you direct to Malone Unlimited does not exceed 50% of your anticipated AL state income tax dollars
Will redirecting my taxes hurt any state-funded programs I care about?
No! The tax credit fund have already been set aside in the state’s budget. They do not come from budgets for other state programs. Since these tax credit funds have been set aside why not make sure it goes to a good cause like Malone Unlimited!
If I’m married and filing taxes with my spouse, can I redirect taxes on my own?
No. The tax redirection is based on your tax filing. So if you are filing jointly with your spouse you will be redirecting jointly with your spouse.
I signed the letter of intent. Now what happens?
You have 2 steps in June:
1. You will receive information from the Alabama Department of Revenue to reserve your tax credits. This will be the amount you signed in your donor letter. More information on how this works can be found here.
This is how the state knows to credit you for when you file your 2026 taxes.
2. Send a payment (check, ACH, credit card) to Malone Unlimited for the tax dollar amount you reserved. Malone Unlimited will send you information in June!
Who all will see the information on my letter of intent?
Malone Unlimited (the program), Measured Capital (the EDO, Economic Development Organization), Innovate Alabama, the Review Committee at Innovate Alabama.
If I understand correctly to support this program and redirect my taxes I’m prepaying half of my 2025 taxes in June? Is there a way to manage my cashflow?
Yes! If you are an employee then fill out a Form A-4 to change how much state income tax your employer withholds since you will be prepaying some of your 2025 taxes in June. How much depends – talk to your tax advisor, accountant or call Talibah, Founder of Bankably who specializes in Tax Advisory and Accounting. Reach out to Bankably at customerservice@trusttmbtaxes.com
(An A-4 form is an Alabama Department of Revenue tax form that is filled out by employees to indicate their tax situation to their employer. You usually fill one out to let Payroll know how much state tax to withhold from your paycheck based on your marital status, number of exemptions and dependents, etc.)
Get the Form A-4 here.
How will Malone Unlimited use the tax credit dollars?
Any tax credit dollars redirected to Malone Unlimited will directly support:
1. Tailored growth support for women-led and under-resourced businesses. Our mission is to increase the number of these businesses reaching $1M in annual revenue.
2. Investor education programs that make investing more accessible, inclusive, and approachable for everyone.
Where can I get more information?
Email avanti@maloneunlimited.org