There are many local organizations that have Missouri Tax Credits available.
With the changes to Missouri due to the tax reform, you may want to take advantage of the Missouri Tax Credits available to reduce your Missouri tax liability. Even though the Missouri tax rates have been lowered to 5.4%, there are phase-outs on the deduction of your Federal tax liability (prior to 2019 up to $5,000 for Single Taxpayers, and up to $10,000 for Married). Depending on the AGI your deduction may totally phase out!
One of the organizations that offer a specific tax credit is Habitat for Humanity of St. Charles County. But there is a deadline of June 30th. For further information on the AHAP tax credits please see below.
Habitat for Humanity of St. Charles County has a limited amount of Affordable Housing Assistance Program (AHAP) tax credits available through June 30, 2019.
Your qualified donation can decrease your Missouri State tax liability by 55% of the contribution amount. Tax Credits are allocated to donors on a first-come, first-served basis for contributions of $1,000 or greater.
To confirm availability call Nancy Cope, Executive Director at 636.978.5712 x113.