TAX CREDITS

Under the Pregnancy Resource Center (PRC) tax credit program, we are able to offer qualifying individuals and businesses 50% Missouri state tax credts.  This means the donor receives a credit against their Missouri income tax for 50% of the contributed amount.  For those who itemize deductions and depending on tax bracket, charitable contributions further reduce federal and state in taxes.  

 

To be eligible for a tax credit, the donation must be for a minimum of $100.  Tax credits are issued on a first come first served basis.  Please contact us for the maximum tax credit amount we are able to offer.  

 

 

Tax Credit Example

This is an example only.  Please talk to your personal tax advisor about how PRC tax credits might work for you.

 

Amount of Donation                      $1,000

 

Tax Savings

Federal Tax Deduction                   $250

Missouri Tax Deduction                  $60

Missouri PRC Tax Credit                 $500

 

Total Income Tax Savings              $810

 

Net Contribution After Tax Savings   $190

 

*Based on a the assumption of a married couple in the 25% tax bracket filing jointly who are Missouri residents with a taxable income of $45,000.