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United Way NAP Tax Credits

Are you a business owner or recipient of Missouri business income who pays Missouri state income taxes? Would you like to pay less in state taxes? Neighborhood Assistance Program (NAP) tax credits are available at United Way for eligible donors gifting $5,000 or more. You can reduce your taxes while supporting a United Way program that addresses a current challenge facing our community.

 

Here’s how tax credits might work with a gift of $10,000:

 

Donation – $10,000
Missouri Tax Credit (50%) – ($5,000)
Missouri Income Tax Deduction (6% of Net Donation*) – ($300)
Federal Income Tax Deduction (37% of Net Donation*) – ($1,850)
Total Out-of-Pocket Cost – $2,850

 

*rate assumed for individual with business income and assuming federal benefit based on contribution net of Missouri tax credit. United Way of Greater St. Louis does not provide tax advice. Consult your tax advisor to determine your potential tax liabilities.

 

Who is eligible?
Any business or individual with Missouri business income.

 

What gifts are eligible?
Gifts of cash, stocks or bonds designated to United Way’s COVID-19 Response or Opioid Response.

 

What programs can I support?


Opioid Response

United Way partners with primary care providers and other agencies to help uninsured postpartum mothers and their infants from the St. Louis region with Opioid Use Disorder. The program provides support for Medication Assisted Treatment and other needed wrap-around services helping to assure long-term positive outcomes for mother and child.

COVID-19 Response

United Way of Greater St. Louis is on the front lines helping to deploy funding where resources are needed most during the COVID-19 crisis and throughout recovery.

How do I make a gift and receive the tax credit?
Contact Carri Meyer at 314.539.4056 or carri.meyer@stl.unitedway.org to confirm tax credit availability and arrange payment. You will then receive an acknowledgement letter and a short tax credit form to fill out and return to United Way of Greater St. Louis. Ultimately, you will receive a certification letter directly from the State of Missouri indicating your tax credits have been approved.

 
Donors receive a tax credit equaling 50% of the contribution. The tax credits may be applied against the following Missouri state tax liabilities: corporate state income tax, excluding withholding tax imposed by sections 143.191 to 143.265 of RSMo, corporate franchise tax, gross premium receipts tax of insurance companies and tax of banks and other financial institutions, and gross receipts tax of express companies. NAP tax credits can be carried forward for five years and are not transferable. Remember, United Way of Greater St. Louis does not provide tax advice. Please consult a tax professional before making a donation.