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BCI Foundation News - BCI HAS TAX CREDITS AVAILABLE
BCI HAS TAX CREDITS AVAILABLEPublished on: February 02, 2010
BCI Neighborhood Assistance Program Tax Credits can Assist You in Providing Employment Opportunities for Adults with Disabilities
1. Do you pay Missouri State Income Tax?
2. Would you like to “redirect” your tax dollars to benefit the organizations that you support?
3. Would you like to provide jobs for people in St. Charles County and the surrounding areas who want to work?
If you answered yes to any of these questions, contact the Development Office at 636-978-4300 to find out how your donation can provide job opportunities AND reduce your Missouri State Income Tax liability.
Consider this Sample Tax Credit Gift (for a $1,000 donation from someone in the 35% federal tax bracket)
Source of Tax Benefit Value of Tax Benefit State Tax Credit (50%) $500 State Income Tax Deduction (6%) $60 Federal Income Tax Deduction (35%) $350 TOTAL TAX BENEFITS (91%) $910
Gift provides $1,000 worth of employment opportunities
Only $90 came directly out of the donor’s pocket
For more information on the BCI Neighborhood Assistance Program Tax Credit, please contact Linda Buschman at 636-978-4300
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