Sts. Joachim and Ann Care Service Awarded $250,000 in MO Neighborhood Assistance Program (N.A.P.) Tax Credits
The Missouri Department of Economic Development has made tax credits available to businesses and qualified individuals who donate (minimum $500) to the Sts. Joachim and Ann Care Service "I Care" capital expansion project. Please act now to help establish the first one-stop shop for social services in the Tri-County area offering comprehensive case management and services from the core programs (Youth Support, Housing Assistance, Food Pantry, Health/Wellness, Employment, Transportation, Disaster Relief, and Adopt-A-Family) to stabilize families in need and move them towards a state of sustainability.
Help us make this a reality.
The tax credit is equal to 50% of the amount of the donation. Combine with federal and state charitable tax deductions and your out-of-pocket donation cost will be significantly reduced (see example below and on attached brochure).
So if you have....
A current pledge of $500 or more and qualify as an eligible contributor* OR Plan on donating more than $500 from April 1, 2009 through the end of 2009, and qualify as an eligible contributor*.
MAKE YOUR FULL DONATION TODAY TO RECEIVE TAX CREDITS GOOD FOR UP TO 5 YEARS.
REFER TO THE NAP BROCHURE FOR MORE INFORMATION. For example:
Donation (35% tax bracket) . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,000 MO State N.A.P. Tax credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$500 Federal Income Tax Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . .$350 State Income Tax Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$60
Total Tax Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$910 End Cost for $1,000 donation . . . . . . . . . . . . . . . . . . . . . . . . . . .$90
Results will vary for individuals. Consult your tax advisor.
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