Pregnancy Resource Center Tax Credit
How the Tax Credit Works
At the beginning of each fiscal year, July 1, the Department of Social Services (DSS) equally divides the total amount of available tax credits among all eligible pregnancy resource centers. DSS notifies pregnancy resource centers of their eligibility and equally apportions the total available tax credits among the eligible centers. In order for taxpayers' to receive certificates of tax credits in time to be claimed on their 2020 income tax returns, Ray of Hope PCM must receive tax credit applications with supporting documentation no later than January 22nd to meet the state's February 12th filing deadline. Applications will continue to be processed after that date but it is possible that they may not be completed in time for filing 2020 returns.
As donations are made and tax credit applications completed with the correct supporting documentation, the center tracks the amounts used and mails the applications with all supporting documentation to DSS once received. DSS then processes all applications and sends the tax credit certificates, which you will need to file your taxes, directly to the taxpayer. Applications are processed by the state in the order received.
At Ray of Hope PCM we track tax credit allocations and usage on an ongoing basis and submit tax credit applications for which we have credits available within 3-5 business days of receiving them. This is normally done at the end of our fiscal year in December. If an application is received, but there are no tax credits available at that time, we track them on a first-come, first-served basis and submit them if more tax credits become available.
Applications and supporting documents must be sent within (1) year of the donation date. Applications received after one year of the donation date will be void and the right to the tax credit is forfeited.
- Please ensure that the application is complete with original signatures of the taxpayer. If signatures appear to be scanned or copied the application will be returned.
- Cumulative donations (any portion of the 12 month calendar year) may be submitted on ONE application. Please note that you cannot cross calendar years on the application. (i.e. 2019 and 2020 donations must be submitted on separate applications)
- Please staple all documentation in chronological order to the back of the tax credit application. Credit card statements must contain the taxpayer's name. If only the front of the check is available, a receipt must be attached.
For specific information about Ray of Hope PCM's tax credit availability, please call our office at 660-395-8099 during business hours and ask for Melinda. To Learn More About Claiming the Tax Credit Contact Department of Revenue, E-mail: firstname.lastname@example.org
Ray of Hope PCM is a qualified pregnancy center for the Missouri Pregnancy Resource Center Tax Credit
Under certain circumstances, your donation may be eligible for a state tax credit of 50% of their donation. All donations made in 2021 may be eligible for a 70% credit.
What is the Pregnancy Resource Center Tax Credit?
By contributing to a qualified pregnancy resource center, Missouri taxpayers:
A pregnancy resource center is a tax-exempt, non-residential facility located in Missouri. These centers assist women with unplanned or crisis pregnancies and encourage women to carry their pregnancies to term by offering pregnancy testing and counseling with emotional and material support.
To learn more about the supporting documentation and process to receive this tax credit please visit this website: Missouri Pregnancy Resource Center Tax Credit.
Steps to claim the credit