Making Tax Credits Work for You

Lydia's House and Missouri Domestic Violence Shelter Tax Credits-a gift of healing and hope to abused women and their chidlren bringing tax savings to you.

A very simple way to help Lydia's House and ease your tax burden!

  1.Make your contribution of $100 to $100,000
  2. Complete the Domestic Violence Shelter Tax Credit application mailed to you
  3.Return it to Lydia's House

The Missouri Domestic Violence Shelter Tax Credit allows a donor to give from $100 to $100,000 per calendar year (based on availability) to Lydia's House, and in return, the donor will get half of the donation back in the form of a Missouri State tax credit.

A tax credit is a deduction directly off what you owe in taxes to the State of Missouri during a taxable year. You may still take a regular charitable deduction in calculating your Federal income tax.

Who is eligible: any entity that has a Missouri tax liability and files a Schedule A Itemized Deductions. These include individuals, corporations, partnerships, S Corporations, Express Corporations, and LLC's.

What forms of donations are eligible: cash, stocks, bonds, other marketable securities, buildings, and land.

Upon receipt of a donation of $100 or more, Lydia's House will send a Domestic Violence Shelter Tax Credit Application form to the donor. Tax credit forms will also be sent to donors whose accumulated donations have exceeded $100 during that tax year.

The donor must fill in the taxable year, Social Security Number(s), or Federal Identification Number, sign and return the form to Lydia's House. If a check was written, the donor must also send a copy of the cancelled check.

Upon receipt of the completed form, Lydia's House will submit the information to the Missouri Department of Public Safety for processing. The Department will process the application and send a Tax Credit to the donor for use in filing their tax returns.

Individual Contribution of $500 36% Tax Bracket 15% Tax Bracket Federal Tax Savings $180.00 Federal Tax Savings $75.00 Missouri Tax Savings 30.00 Missouri Tax Savings 30.00 Missouri Tax Credit 250.00   Missouri Tax Credit 250.00 Deduction adjustment     Deduction adjustment   In following year (101.00)   in following year (42.00) Out of Pocket $141.00 Out of Pocket $187.00       Individual Contribution of $100 36% Tax Bracket   $15% Tax Bracket Federal Tax Savings $36.00   Federal Tax Savings $15.00 Missouri Tax Savings 6.00   Missouri Tax Savings 6.00 Missouri Tax Credit 50.00   Missouri Tax Credit 50,00 Deduction adjustment    Deduction adjustment  in following year (20.00)   in following year (8.00) Out of Pocket $28.00   Out of Pocket $37.00

The above examples are illustrative only. When you plan to make a contribution, consult your personal tax advisor.

Call the Lydia's House office at (314) 771-4411 for more details.
Tax credits are available on a first come first serve basis.