Tax Credit Information
Missouri Tax Credits
The Covering House has 50% and 70% tax credits available for Missouri tax-paying donors. Tax credits allow you to claim 50% or 70% of your donation as credit on your Missouri State taxes, lessening the amount of taxes you owe to Missouri. For example, when you give a $1,000 donation with a 50% tax credit, the taxes you owe to Missouri will be reduced by $500.
Tax credits are different and in addition to taking a federal and state charitable tax deduction. Tax credits can be used regardless of if you itemize your donations or take the standard deduction on your tax return.
How Tax Credits Work:
1. Give a donation to The Covering House
2. Receive Missouri tax credits
3. 50% or 70% of your donation is reduced from your Missouri tax liability
4. 100% of your donation helps sexually exploited and trafficked youth
70% Tax Credits
The MO Dept. of Social Services Domestic Violence Shelter Tax Credits
Suggested donation of $1,000+
Available for individuals or businesses with a Missouri tax liability. Tax credits are reduced from the total taxes owed at the time of filing a tax return.
Donations of cash, stock, bonds, real property or other marketable securities are accepted.
The Covering House has an unlimited amount of tax credits to give for July 1, 2024 – June 30, 2025. Tax credits should be renewed for future years. However, we cannot guarantee this until we receive notice in early July each year.
The claimed tax credits may not exceed the amount of the taxpayer’s state income tax liability for the year the credit is being claimed. The tax credit cannot exceed $50,000 per taxable year (the equivalent of a $71,428.57 donation) per taxpayer.
Unused tax credits can be rolled over for one subsequent year.
50% Tax Credits
The MO Dept. of Revenue Champion for Children Tax Credits
Donation of $100+
Available for individuals or businesses with a Missouri tax liability. Tax credits are given as a reimbursement after a tax return is filed.
Donations of cash, stock, and bonds are accepted.
Unused tax credits can be rolled over for four subsequent years.
How the 70% Domestic Violence Shelter Tax Credit Program Works:
1. Make a suggested $1,000+ in donations to The Covering House (TCH) here or by check to: The Covering House, P.O. Box 25, Valley Park, MO 63088. Be sure to add a note with your donation requesting a tax credit application. Please include your phone number and email address for communication. Or, request an application after Dec. 31 to include all donations for the calendar year on one application.
2. When we receive your donation, we will send you a gift receipt along with your tax credit application.
3. Complete and sign the tax credit application and return to TCH with required documentation.
4. TCH will submit your application to the Department of Social Services. You will be notified when your application is submitted and receive a tax credit certificate to include with your Missouri state tax return within 45 days.
How the 50% Champion for Children Tax Credit Program Works:
1. Make $100+ in donations to The Covering House here or by check to: The Covering House, P.O. Box 25, Valley Park, MO 63088. Be sure to add a note with your donation that you request a tax credit application. Please include your phone number and email address for communication. Or, request an application after Dec. 31 to include all donations for the calendar year on one application.
2. Champion for Children tax credit applications and instructions will be mailed to you after December 31.
3. Complete and sign the tax credit application and submit with your tax forms when filing your taxes by April 15, regardless of tax filing extensions.
4. You will receive a reimbursement check for your tax credit in the mail.
For Questions and Further Details
Contact: Rebecca Keeven, Administrator of Donor Relations, at
314-962-3450 ext. 416 or rkeeven@thecoveringhouse.org.
Thank you for your generosity!