NEIGHBORHOOD ASSISTANCE PROGRAM (NAP) TAX CREDITS
NAP Tax Credits are an incentive that helps increase your generosity to Peter & Paul Community Services. These credits, allocated by the State of Missouri, are simple. At a minimum, you get 50 cents back from every dollar you donate when filing Missouri State Taxes. First, as with any charitable donation, you can take a federal and state charitable tax deductions. As a bonus, you can claim 50% of the donation as a credit on your Missouri State taxes. So, with a NAP Tax Credit, your gift directly benefits homeless people we serve while vastly reducing your state and federal tax liability. PPCS has been allocated a limited number of credits; please secure your credits today to ensure their availability.
WHO IS ELIGIBLE TO UTILIZE NAP TAX CREDITS?
Any person, firm or corporation with business income in the State of Missouri can take full advantage of NAP Tax Credits. Those who are eligible include: Missouri business owners, owners and operators of a Missouri farm, and those that receive income from royalties or rental property in Missouri. Additionally, corporations, financial institutions, insurance companies, individuals that operate a sole proprietorship, small business corporations (S-corps) and their partners, and limited liability companies (LLC’s) and their members are eligible.