What is a “MISSOURI DOMESTIC VIOLENCE SHELTER TAX CREDIT”
And how can it make my donation worth more?
How do these Tax Credits work?
Tax credits are available to Missouri taxpayers who make an eligible contribution of at least $100 to a qualified shelter during the taxable year.
John Doe donates $1000 to Qualified Shelter. He completes the application provided by the shelter, attaches a copy of his check or cash receipt and sends to the MO Department of Social Services. Based on the information provided, Mr. Doe is eligible for a 50% credit or $500 deduction from his state income tax liability. The MO Dept of Social Services will send Mr. Doe a qualifying certificate. In addition to this credit, charitable tax deductions can be claimed on both federal and state tax returns. In all, your donation may have a total net cost to you of as little as $160.
$1000 Sample Donation MO DV Tax Credit $500 Federal tax savings 280 MO tax savings 60 Total Tax savings $840
Donation $1000 Tax Savings 840 Net Cost to you $160
Who is eligible for this Tax Credit?
Any Individual, Corporation, Partnership, S Corporation, Express Company or LLC that has a Missouri income tax liability is eligible.
A tax credit not claimed in the year of donation may be carried forward and used against a taxpayer’s state tax liability for four subsequent years.
What are eligible contributions?· CASH · STOCK · BONDS · REAL PROPERTY · MARKETABLE SECURITIES
How will my contribution be used?
The shelter must use all contributions in a manner that is consistent with and supports the overall nonprofit purpose of the shelter.
How can I get more information?
To obtain additional information on the Domestic Violence Tax Credit Program, including verification of Warren County Council Against Domestic Violence, Inc., a.k.a. Turning Point’s qualification, please contact:Missouri Dept. of Social Services Attn: Domestic Violence Shelter Tax Credit Program P.O. Box 216 Jefferson City, MO 65102-0216
Your donation will help Turning Point provide a safe place for 75 women and 100 children annually, who collectively utilize 2500 bednights and eat 7500 meals in our Shelter.
Please send your donation to:TURNING POINT P.O. BOX 426 WARRENTON, MO 63383
Or call: 636-456-1186