Missouri Tax Credits
Make a priceless investment in Missouri’s children and families by participating in the LFCS tax credit programs. Tax credits are an easy way to stretch your charitable dollars. With a contribution of $500 or more, you can receive a tax credit for 50% of the value of your gift when you file your Missouri tax returns. Additionally, you can claim 50% of the contribution on your state and federal income tax return as a charitable donation.
LFCS has been approved by the Missouri Department of Economic Development and the Department of Social Services to participate in the following tax credit programs. These programs provide opportunities for individuals, businesses, state government, and LFCS to work together on behalf of Missouri’s most vulnerable citizens.
Programs & Requirements
- NAP (Neighborhood Assistance Program) Available to businesses and individuals who operate a sole proprietorship, operate a farm, have rental property or have royalty income are eligible, as well as shareholders in an S-corporation, partners in a Partnership or members of a Limited Liability Corporation.
- YOP (Youth Opportunity Program) Available to anyone with Missouri state tax liability; each contributor is limited to $200,000 in tax credits annually.
- PRC (Pregnancy Resource Center) Available to anyone with Missouri state tax liability; donors can claim up to a $50,000 credit per tax year.
Any unclaimed tax credits can be carried forward for 5 years. Gifts can be made in the form of cash, stocks, bonds, mutual funds or IRA distributions. Contributions support Behavioral Health Services, Crisis Pregnancy Counseling, Parenting Education, Community Prevention Services, and Hilltop Child and Family Development Center.
As in all cases, please consult your tax advisor regarding eligibility for charitable deductions.
Contact us today to see if Missouri Tax Credits are right for you!
For more information, or to reserve your tax credits, please contact the LFCS representative nearest you:
St. Louis ~ Shannon Hermann at 314-785-7327
Southeast Missouri ~ Janice Raeber at 314-754-2786
Southwest Missouri ~ Jaime Craig at 417-862-1972
Mid-Missouri/St. Charles ~ Trueman Orson at 573-815-9955
We have a limited number of tax credits, so reserve your’s today!