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Tax Credits for Giving!

Tax Credits for Giving!

November 22, 2022 in Food Bank News Major giving

Ozarks Food Harvest is once again the recipient of Neighborhood Assistance Program (NAP) tax credits from the State of Missouri. NAP tax credits are available to any individual or business with State of Missouri business income, who has also made an unrestricted charitable donation to Ozarks Food Harvest.

The amount of tax credit equals 50% of the value of the contribution and represents payment that donors may then redeem when filing their state tax return.

Who qualifies?

  • Corporations
  • S-Corporations
  • Individuals operating a farm in Missouri
  • Individuals operating a sole proprietorship
  • Individuals with rental property in Missouri
  • LLCs
  • Partnerships
  • Express companies
  • Financial institutions
  • Insurance companies

If you make a contribution of at least $1,000, and meet the above qualifications, contact us at (417) 865-3411 for NAP tax credit availability.

Eligible donations can be redeemed or claimed when you file your tax return, and any remaining tax credit balance can be used during the next five years. Please consult your tax advisor to learn how tax credits will benefit you specifically.