Missouri Tax Credits for Donors

 

We are thrilled to be able to offer Neighborhood Assistance Program (NAP) tax credits to Missouri state taxpayers who make gifts of $1,000 or more to Rung for Women. Tax credits are worth 50% of your gift, in addition to standard state and federal deductions. The higher the income tax bracket, the lower the final cost of the gift to you, our donor.

Who Qualifies?

NAP credits are available to anyone who pays taxes on business income, including:
  • Corporations
  • S-Corporations
  • Individuals operating a farm in Missouri
  • Individuals operating a sole proprietorship
  • Individuals with rental property in Missouri
  • LLCs
  • Partnerships
  • Express companies
  • Financial institutions
  • Insurance companies

The Benefit of Tax Credits

Below is an example of how the NAP tax credit program impacts the final cost of your gift to Rung for Women:

Donation Amount

MO Tax Credit
(50% of Gift)

Federal Income
Tax Deduction
(Based on 28%
tax bracket)

State Income
tax savings
(assume 6%)

Total net savings

Your out-of-pocket cost

$5,000

$5,000

(700)

(150)

(3,350)

$1,650

$10,000

$10,000

(1,400)

(300)

(6,700)

$3,300

$25,000

$25,000

(3,500)

(750)

(16,750)

$8,250

$50,000

$50,000

(7,000)

(1,500)

(33,500)

16,500

*The example provided is for illustrative purposes only. It does not constitute tax advice. You should consult your tax advisor prior to making a contribution to confirm the after-tax cost of your donation and learn more about how these credits can help you achieve your desired outcome.

How to Reserve Your Tax Credits

It’s simple.

  1. Make your gift of $1,000 or more in cash, stocks, or bonds to Rung for Women.
  2. Email to request a tax credit application form.
  3. We’ll support you in completing the rest of the process!

Tax credits are available in limited quantities and sure to go fast. To learn more, please please contact Maggie at 314.451.8500 ext. 1202 or .