How It Works
Any individual or business with Missouri tax liability is eligible to receive the 2022 tax credits by making a donation to Missouri State University. This is a direct 50% credit off the individual or corporation’s Missouri state taxes.
For example, if a donor made a $10,000 donation to the efactory, the donor could receive a $5,000 direct credit against their state income tax after filing the appropriate paperwork. In addition to the state income tax credit, $5,000 may be taken as a charitable deduction against federal income tax, which would further reduce the actual cost of the donation. The tax credits may be carried forward up to 5 years and applied to future tax liability.
Naming opportunities arealso available. Interested individuals are encouraged to contact Allen Kunkel or Rachel Anderson for more information.
