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Tax Credits

"I have been taking advantage of tax credits for Youth In Need for many years. I honestly cannot think of a better way to really help a great agency while minimizing your out-of-pocket expenses and knowing exactly how your tax dollars are being used.”

— Jerry Daniels, Retired President and CEO
Military Aircraft & Missile Systems, The Boeing Company
A Youth In Need Board Member

Missouri State Tax Credit Programs

Do you pay Missouri State income taxes? Would you like to pay less next year? Make a minimum $100 donation to Youth In Need, and you'll receive a 50 percent Missouri State Tax Credit. The total contribution also may be claimed in full as a charitable deduction on your federal income tax return for the year the donation was made.

 


The Neighborhood Assistance Program (NAP)

Who qualifies? Anyone who is in business in Missouri, pays Missouri State Income Tax and contributes at least $100 to Youth In Need in the form of check, credit card, and/or appreciated stock. For example, a part-time business, such as rental income, qualifies for the NAP credit, which reduces the total tax liability from all income sources.
 

How will Youth In Need clients benefit? Your contribution will help assist low-income families and at-risk older youth achieve self-sufficiency, safe housing and healthy development.

 

The Youth Opportunity Program (YOP)

Who qualifies? Anyone who pays Missouri State Income Tax, including individuals, and donates at least $100 to Youth In Need in the form of check, credit card, and/or appreciated stocks.
 

How will Youth In Need clients benefit? Your contribution will help provide outreach, counseling and emergency shelter for at-risk and homeless youth.

How will you benefit from these programs? You may apply your charitable donation to your federal and state income tax returns and receive an additional 50 percent Missouri State Tax Credit. Tax credits may be applied to the tax year in which the donation was made, or at any time in the next five tax years.

 

Example

Donation   $1,000
Tax Credit (50%) - $  500
State Income Tax Deduction (6%)
- $    60 
Federal Income Tax Deduction (28%)
- $  280
Reduced State Deduction on Federal Return
- $ (140)

Total Out-of-Pocket Cost

  $   300


*The “reduced state tax deduction on federal return” represents 28% of the tax credit awarded. The federal deduction for state taxes is reduced by the amount of the credit since your actual state tax payment is being reduced by that amount.  This example also shows cost savings for someone in the 28% federal tax bracket who itemizes on their federal and state tax returns. Individuals in lower or higher tax brackets, those who do not itemize, those subject to the Alternative Minimum Tax, and those subject to limitations on itemized deductions (Pease rule) would all have slightly different tax savings. A gift of appreciated securities would provide additional tax benefits related to avoiding capital gains. The above example is not intended as tax advice, and please consult your tax advisor to learn how tax credits benefit you specifically. Tax credits may be applied to tax liability in the year the gift is made or any time over the next five years.

The above example is not intended to represent tax advice. Consult your tax advisor to learn how tax credits will benefit you specifically.


 Save even more with a gift of appreciated stock!
  • Income from employment (full- or part-time)
  • Income from investments
  • Business Income (See NAP eligibility listed below)

How It Works

Complete and return your Youth In Need donation (a minimum of $100 to take advantage of tax credit benefits).


Donate online or mail your donation to:
Youth In Need
Attn: Development Office
1815 Boone’s Lick Road
St. Charles, MO 63301
 
Upon receipt of the contribution indicating you wish to use Missouri State Tax Credits, Youth In Need will reserve tax credits in your name, in the amount you specify, and send you an acknowledgement letter with instructions on how to complete the simple tax credit application form.
 
Complete the tax credit application form, and return it to Youth In Need. Youth In Need will certify the completed form and submit it to State officials. Within four to six weeks, you will receive an official tax credit letter to include with your tax return.
 

Tax credits are limited! They are available on a first-come, first-served basis. Be sure to contribute today! For more information, call 636-757-9348.

 

Which Tax Credit Program Is for You?

Qualified donations include: 
  • Checks
  • Credit Cards (Visa, MasterCard, American Express) (Remember that you can earn credit card incentives when you make a donation on your credit card.)
  • Donations of Appreciated Stocks (Remember you can avoid long-term, capital gains taxes with a stock donation to Youth in Need.)

Youth Opportunity Program (YOP) qualified donations include:

  • Income from employment (full- or part-time)
  • Income from investments
  • Business income (See NAP eligibility listed below)

Neighborhood Assistance Program (NAP) qualified donations include:

Business Income Eligibility (You qualify, if you file one of the below items.)

  • Corporation Missouri Form 1120
  • Sole Proprietorship Federal Form 1040, Schedule C andMissouri Form 1040
  • Farm Operation Federal Form 1040, Schedule F and Missouri Form 1040
  • Individual Reporting Income from Rental Property or Royalties Federal Form 1040, Schedule E and Missouri Form 1040
  • Small Business Corporation (S Corp) Missouri Form 1120S
  • Partnership Missouri Form 1065
  • Financial Institution (Includes Banks, Credit Institutions, Savings & Loan Associations, Credit Unions, Farmer’s Cooperative Credit Associations, or Building and Loan Associations)
  • Missouri Financial Tax Return Insurance Company Missouri Insurance Tax Return with the MO Department of Insurance
  • Individual Partner in a Partnership or Individual Shareholder in an S-Corp. Federal Form 1040, Missouri Form 1040
  • Limited Liability Corporation/Partnership Missouri Form 1120, 1120S or 1065
  • Note: Missouri State Tax Credits can be applied to business or personal taxes. The contribution must be made by personal check and not a partnership or S. Corp. check.  

Download the Missouri State Tax Credit form.

If you have any questions, contact Rob Muschany, Chief Development Officer, at 636-757-9348.