PAY LESS TAX
If you would like to pay less Missouri state income taxes and help enrich the lives of people with disabilities in St. Charles County, then this program is for you. Youth Opportunities Program (YOP) tax credits are a 50% tax credit for which both individuals and businesses are eligible. Your tax credit donation (minimum $100) will allow Community Living to offer employment services to youth, ages 16-21, with developmental disabilities to assist them in becoming productive, contributing citizens.
The following example is based on a 28% federal tax bracket.
For a $1,000 cash gift to CLI using tax credits: |
$1,000 |
Missouri Tax Credit (50% of gift) |
-$ 500 |
Federal Income Tax Deduction (28%) |
-$ 280 |
State Income Tax Deduction (6%) |
-$ 60 |
Federal Tax on State Savings |
+$140 |
Net Cost to You |
$ 300 |
It's a win-win situation!
Community Living advises you to consult your tax advisor to see how you personally can benefit from this program. For more information or to reserve tax credits, please contact Christine Rutherford, director of development, at (636) 970-2800, ext. 3047, or crutherford@cliservices.org.
Tax credits are available for Annual Partnerships and Event Sponsorships.