Domestic Violence Tax Credit for Fund the Need Donations

The state of Missouri offers a special Domestic Violence Tax Credit to everyone who donates $100 or more at the Night for Hope and Healing Fund the Need.

What is it? 

The Missouri Domestic Violence Shelter Tax Credit allows a donor to give from $100 to $100,000 per calendar year. You may still take a regular charitable deduction in calculating federal income taxes.

How does a tax credit differ from a charitable deduction? 

A tax credit is a deduction directly off what you owe in taxes to the State of Missouri during a taxable year. You may still take a regular charitable deduction in calculating federal income taxes. Even if you are not able to itemize deductions on your Federal Income Tax return, you are still eligible for the Tax Credit. 

*Please note that tax brackets are subject to change and actual amount may vary slightly.

For example: 

All items purchased tonight are tax-deductible less the fair market value of each item listed on the bid item here in our event website.  For questions, please contact Ellie.

News for Your Accountant
Based on the fair market value of goods and services received, if you purchased the three course dinner tonight,  $60 of your ticket tonight is tax-deductible.