Tax Credit Information

Missouri State 50% tax credits are available to any Missouri taxpayer, whether an individual, corporation, firm or S corporation doing business in the state of Missouri and subject to Missouri state income tax.

Any portion of the tax credit unused in the year donated is subject to carry forward to the next succeeding four (4) taxable years.
These tax credits are non-transferable.

The Maternity Home Tax Credit was expanded, effective January 1, 2001 to include not only cash donations, but stocks, bonds, other marketable securities or real property (generally, land and any permanent improvements thereon). Since Queen of Peace Center has no facilities to deal with real property and improvements, it is not accepting contributions of real property without prior approval of its Board of Directors regarding valuation and disposition.

The minimum allowable cash contribution or fair market value is $100, the maximum allowable contribution is $100,000, resulting in a direct credit against Missouri state income taxes due in the year donated of $50 and $50,000 respectively.

The total contribution may also be claimed in full (100%) as a charitable deduction on both federal tax and Missouri state tax returns.

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