More information about Missouri State Tax Credits
Rainbow House is fortunate enough to have been awarded 50% Missouri State tax credits by the Department of Economic Development and the Department of Social Services.
Tax credits are an excellent incentive if you owe Missouri State tax and have donated $100 or more (in cash, stocks, or bonds only) to the Rainbow House. This donation makes you eligible for a 50% tax credit off your Missouri State Tax return. For example, if you donate $100 to Rainbow House, you can receive a tax credit for $50 off your state income tax. The credits may be applied toward the Missouri State tax of any kind of taxable income.
To qualify for Missouri State Tax Credits you must:
- Pay or owe Missouri state taxes
- Donate money in the amount of $100, or more, to a domestic violence shelter
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Qualifying for your tax credit is easy!
You simply make a donation to Rainbow House and we send you a thank you letter with your tax credit application form. After completing and signing the form, return it to Rainbow House and we will review it and send it to the Department of Social Services for approval. You will receive your tax credit for the Department of Social Services shortly afterword.
Don’t forget that you can claim BOTH Missouri State Tax Credits and a Federal Charitable Contribution for the same donation.
Please call Rachel Talbott at 573.474.6600 to find out how tax credits can create a mutually beneficial relationship between your company and the children in desperate need of help at Rainbow House.