Give More, Pay Less: Missouri Neighborhood Assistance Program (NAP) Tax Credits
When you make a donation of $1,000 or more to United Services for Children, you may qualify to receive a 50 percent state tax credit on your income taxes.
United Services for Children has been approved by the Department of Economic Development, through the Missouri Neighborhood Assistance Program (NAP), to make state tax credits available to any eligible person or business in Missouri.
Do I qualify for a NAP Credit?
Any qualified person, firm or corporation in business in Missouri is eligible to receive credits, including:
- Individuals with income from royalties or rental property
- Sole proprietors
- Corporations
- S-corporations
- Partnerships
- Limited liability corporations
- Farm operations
- Credits may be used in the year the donation was made or up to an additional five years thereafter.
- Qualified contributions include cash, stocks, or bonds.
- NAP credits may be used to offset individual income taxes, corporation franchise tax, tax on gross premium receipts of insurance companies, and financial institution tax.
To use NAP credits, contact Julie Turner at 636-926-2700, ext. 509.
Contribution examples:
These are examples ONLY. Should you have specific tax questions and to determine how the NAP Tax Credits specifically apply to you, please consult your accountant or tax advisor. Examples of contributions are below, assuming a 35% tax bracket:
| $2,500 Donation | $10,000 Donation | |
| Missouri Tax Credit (50% of gift) | – $1250 | – $5000 |
| Federal Income Tax Deduction | – $875 | – $3500 |
| State Income Tax Deduction | – $150 | – $600 |
| Reduced Federal State Deduction (State Tax) | + $438 | + $1750 |
| Net Cost to Donor: | $663* | $2650* |
*As in all cases, please consult a professional tax advisor regarding a donation of any kind.
NAP tax credits are NOT sellable, transferable, or refundable. For more information on NAP Tax Credits, visit the Missouri Department of Economic Development website at: www.ded.mo.gov