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BCI Foundation News - BCI IS AWARDED $157,000.00 IN NEIGHBORHOOD ASSISTANCE PROGRAM TAX CREDITS
BCI IS AWARDED $157,000.00 IN NEIGHBORHOOD ASSISTANCE PROGRAM TAX CREDITSPublished on: February 02, 2010
BCI’s Neighborhood Assistance Program Tax Credits can Assist You in Providing Employment Opportunities for Adults with Disabilities
1. Do you pay Missouri State Income Tax?
2. Would you like to “redirect” your tax dollars to benefit the organizations that you support?
3. Would you like to provide jobs for people in St. Charles County and the surrounding areas who want to work?
If you answered yes to any of these questions, you need to contact the BCI Foundation and find out how your donation can provide job opportunities AND reduce your Missouri State Income Tax liability.
Consider this Sample Tax Credit Gift (for a $1,000 donation from someone in the 35% federal tax bracket)
Source of Tax Benefit Value of Tax Benefit State Tax Credit (50%) $500 State Income Tax Deduction (6%) $60 Federal Income Tax Deduction (35%) $350 TOTAL TAX BENEFITS (91%) $910
Gift provides $1,000 worth of employment opportunities
Only $90 came directly out of the donor’s pocket
For more information on the BCI Neighborhood Assistance Program Tax Credit, please contact BCI Foundation Director, Linda Buschman at 636-978-4300
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