Tax Credits

Tax Credits Page Image

Tax credits are available to eligible donors for gifts of cash, credit, or appreciated securities. You can reduce your Missouri Tax liability by 50%.

 

If your annual donations equal or exceed $1,000, you can request a tax credit application by contacting our Development Department.

 

 
*As with any gift, the amount that is tax-deductible is dependent on each individual’s unique financial circumstances. Please consult with your tax advisor to determine your exact savings. The above examples are based on the following assumptions:
 

Federal Tax Bracket of 35%

Missouri Tax Bracket of 6%

Federal & Missouri Tax Deductions are reduced by MO Credit

 

Ready to Make Your Donation Now?:

Visit the Donate Page to make your donation now. We will send you an acknowledgement letter when we receive your donation. If your annual donations equal or exceed $1,000, please request that we send you a tax credit application. Once you receive the application, complete it and sent the required documentation along with the application back to Epworth and we will complete it and send it to The Department of Economic Development (DED). You will then receive a certification letter directly from the State of Missouri indicating approval. NOTE: You have one year from the date of your donation to process your tax credit application with the state.

 

We also accept gifts of appreciated stock and other securities. Learn more on our Stocks, Bonds, & Mutual Funds page.

 

Claiming a Tax Credit:

Upon approval of the tax credit application, a Tax Credit Certification will be issued to the contributor. The following criteria must also be met in order for the contributor to claim the credit:

 

  1. The Department of Economic Development (DED) will certify each credit and send each donor a “Certificate of Eligibility”. Department of Revenue (DOR) will have access to all approved credits. With Senate Bill 1099 all donors are approved through DED, then transferred to DOR for review of delinquent taxes. If delinquent taxes are due the credit will be offset by that amount. Once approved by DOR the Certificate of Eligibility will be mailed out and is ready to claim on the contributor’s tax return.
  2. To claim the tax credit on your taxes, an application is required. To obtain this form, please contact our Development Department using the contact information listed below.
  3. In the event that tax credits were improperly approved, the DED(??) will notify the taxpayer of the reason for the adjustment and notify the DOR that the tax credits have been adjusted and the reason for the adjustment.
  4. Tax credits are not transferable, refundable, or sell-able.