Great news about Missouri Domestic Violence Tax Credits! The amount of credit a donor receives will increase from 50% to 70%, beginning July 1, 2022. If you are an individual or business that has Missouri tax liability, and give more than $100 to Rose Brooks Center throughout the year, you can receive a 70% tax credit. Please note that tax credit applications have to be submitted within one year of the gift.
Applying for a tax credit only requires you to fill out less than 10 fields on the application. Fill it out, sign it, provide proof of the donation, then mail in the original to Rose Brooks Center – and you’re done. To learn more about tax credits, read frequently asked questions, or to download an application please visit: www.rosebrooks.org/how-to-help/tax-credit/.
What is a Tax Credit?
A tax credit is a sum subtracted from the total amount a taxpayer owes to the state. Unlike deductions and exemptions that reduce taxable income, credits directly reduce taxes owed. The value of the credits is subtracted from the total amount of owed taxes.