MIssouri Youth Opportunity Program (YOP) Tax Credits Available!

Double your donation to SouthSide and double your impact on the lives of the children we serve with no additional cost to you!

Missouri State Tax Credits available at SouthSide make it possible!

 

How It Works
Any entity with a Missouri income tax liability – individual or corporation – who makes a significant donation to SouthSide after July 1, 2016, qualifies for Missouri State Youth Opportunity Program (YOP) tax credits.

Eligible Contributions
Significant contributions to SouthSide in cash, check or stock made between July 2016 and June 2018, or until our allotment of credits run out, whichever comes first.

How do you make a gift?
It is incredibly easy! Just click here or mail your contribution to SouthSide Early Childhood Center, 2101 S. Jefferson Ave., St. Louis, MO 63104. We will send you an acknowledgement letter with brief instructions on how to fill out the accompanying tax credit form. Once approved, you will receive a MO-TC form to attach to your Missouri tax return. We also accept gifts of appreciated stock and other securities.

Why SouthSide Early Childhood Center?
High quality early childhood programs can be the difference between a lifetime of success or failure, especially for the 8 out of every 10 children at SouthSide who live in poverty. With your help, SouthSide can continue to provide the exceptional research-based curriculum, extensive network of intervention specialists and comprehensive Family Partnership and Support Program that make success a reality for the children we serve. You make the difference!

The Details
Combined with normal federal and state charitable deductions*, you could receive up to 75% back on your donation to SouthSide! As with most charitable donations, the donor may claim a federal income tax deduction. With Missouri YOP Tax Credits, the donor may also take a 50% state tax credit to the limit of his/her taxable income. Donors have one year from the date of donation to claim their tax credits and up to five years to utilize them. In addition, with gifts of stock, the donor owes no capital gains tax on any appreciation. As with any gift, the amount that is deductible for tax purposes will depend upon each donor’s unique financial circumstances.

Sound too good to be true? Consider this:

 

$2,500 Gift, No YOP State Tax Credit

Cash/stock gift to SouthSide

$2500

Missouri YOP tax credit

$0

Federal income tax deduction (35%)

-$875

State income tax deduction (6%)

-$123

Federal tax (following year) on state savings/refund

$0

Net cost to you

$1502

$5,000 Gift WITH YOP State Tax Credit

Cash/stock gift to SouthSide

$5000

Missouri YOP tax credit

-$2500

Federal income tax deduction (35%)

-$1750

State income tax deduction (6%)

-$300

Federal tax (following year) on state savings/refund

$980

Net cost to you

$1430