Missouri Tax Credit Instructions
We are excited to announce that as of July 1st, 2016, any financial gift accepted by Coalition For Life St. Louis over $100 may be eligible for tax credits. For all agencies distributing tax credits the amount of credits available cannot exceed $3.5 million in a state fiscal year (July 1 through June 30). These funds are issued equally to all qualified agencies statewide and any additional funds not used will be re-distributed on a first come, first serve basis.
If your donation(s) to Coalition For Life St. Louis meet or exceed the amount of $100 in a calendar year (January 1st through December 31st) then you will be sent a tax credit application in the mail which you will fill out and then mail back to Coalition For Life St. Louis. Once Coalition sends your tax credit application to the State, they will be processed within in Forty-Five days and you will be sent information from the state government on how to apply your tax credits to your taxes.
While these tax credits are a huge opportunity to give a much larger gift, there are limited funds to go around and they are distributed on a first come, first serve basis so we ask that your send your application back to us as soon as possible. If you have any questions please call the Coalition For Life St. Louis office at (314) 827-4039
FAQs
A tax credit is an amount of money that will be credited back to you from the state government based on how much you have donated to Coalition For Life St. Louis.
The donation must be made to Coalition for Life St. Louis. Your One-Time donation or monthly donations must meet or exceed the amount of $300 in one calendar year. We accept all major credit cards, checks, ACH bank transfers, and stock donations. In-Kind donations do not count towards your yearly tax credit amount.
For you to be eligible for tax credits all you need to do is donate a minimum of $300 to the Coalition for Life St. Louis and owe Missouri state taxes.
- Donate $250 or more
- We (Coalition for Life) will send you a tax credit application
- You will fill out the application and send it back to us
- We will submit the application to the State on your behalf
- The State will send you paperwork to keep for your taxes
Your tax credit will always be worth 50% of the total amount you donated. In addition to the credit, you may also be able to deduct the full amount from your Federal and State taxes as a normal charitable donation. For more information, please click the link below.
Depending on how fast the applications are mailed back to the Coalition for Life office the process could take anywhere from 45-90 days from the start of you receiving your application in the mail and you receiving your amount of tax credits from the Missouri State Government. However, we would encourage you to be prompt about returning your tax credit application to us here at Coalition because they are a first come first serve basis. Also note, the State gets a large amount of traffic right before tax season (Feb-April) and it may take them longer than 45 days to process your application.
Give us a call and we will be happy to let you know the status of your current application!
314-827-4039 Ask for Nathanael: Tax Credit Specialist or Katelin: Business Manager.