Save on Taxes and Help Babies!
Neighborhood Assistance Program
(NAP) – deadline June 30, 2017
Youth Opportunities Program
(YOP) – deadline December 31, 2017
Pregnancy Resource Center
(PRC) – deadline June 30, 2017
Anyone with a Missouri tax liability qualifies for YOP and PRC. And you can reserve NAP credits if you are a business or individual who operates a sole proprietorship, operates a farm, have rental property or have royalty income are also eligible, as well as a shareholder in an S-corporation, a partner in a partnership or a member of a Limited Liability Corporation. (We have more NAP credits available than the other two program areas and would love for you to benefit if you qualify.)
With a minimum gift of $500 to one of the qualifying programs, you will receive a 50% Missouri state tax credit. Pretty good bang for the buck! But it’s even better than that. If you itemize deductions, the donation also counts as a charitable contribution. The credits for each of these programs last for 5 years. If you can’t use them on current taxes, the credit rolls to the next year.
This chart demonstrates the tax savings you can experience through Tax Credits:
Contact Gina Fromme at 314-754-2784 to reserve your credits today, or for more information! Or visit https://lfcsmo.org/donate/missouri-tax-credits/.