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. After internal processing, which may take 2–3 days, the Coalition will send the application to the state government. The state may take 45–90 days to process the application. They will then send information to you 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. For this reason, 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 total of $100 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.
To be eligible for tax credits all you need to do is donate a minimum of $100 to the Coalition for Life St. Louis in one calendar year and owe Missouri state taxes.
Donate $100 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 (45–90 business days)
Tax credits for donations prior to January 1, 2021, are worth 50% of the total amount you donated. After January 1, 2021, the tax credits increase to 70%. 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.
Once the application is returned to the Coalition for Life office, it may spend 2–3 days in internal processing. Then it is sent to the state government. It may take 45–90 days for the state to send the tax credit information to you. We would encourage you to be prompt about returning your tax credit application to the Coalition because the credits are offered on a first come, first serve basis. Also note, the State gets a large amount of traffic right before tax season (February–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.