NAP Tax Credits

BCI has applied for and received Missouri Neighborhood Assistance Program (NAP) state tax credits. These credits offer eligible donors giving $500 or more an amazing way to reduce their state tax burden, while supporting adults with developmental disabilities.

NAP credits are available to businesses. NAP credits are also available to individuals who operate a sole proprietorship or farm, have rental property or royalty income, or who are a shareholder in an S-corporation, a partner in a Partnership, or a member of a Limited Liability Corporation.

These credits are worth 50% of your gift, in addition to state and federal standard deductions. The higher the income tax bracket, the lower the final cost of the gift.
 

Below is an example of how the NAP tax credits work for someone with a marginal tax rate of 32% (2019 income rate range would be $160,726-$204,100 for single and $321,451-$408,200 for married). 

 

For more information or to make a gift, please contact Elke Buckland, VP of Development, at 636-875-5267, by email at ebuckland@boonecenter.com, or by clicking the button below.

Note: this example is provided for illustrative purposes only and does not constitute tax advice.  You should consult your own tax advisor prior to making a contribution to confirm the after-tax cost of your donation and to learn more about how these credits can help you achieve your desired outcome, including, but not limited to, adjustments related to the charitable/standard deduction limits and possible alternative minimum taxes. 

# - assumes that the taxpayer itemized deductions exceed the standard deductions ($12,200 for individual and $24,400 for married filing jointly).  

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