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Save on Taxes and Help Babies!

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If you or your clients want to save money on their Missouri state tax liability, we can help. LFCS has three tax credit programs:

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 http://lfcsmo.org/donate/missouri-tax-credits/.