The LIGHT House

Missouri Maternity Tax Credit

Your gift to the Light House can reduce your taxes in two ways:

1. If you itemize your annual deductions, you may be able to subtract the entire amount from your total federal taxable income.

2. You also may be able to subtract half the amount of your donation, dollar for dollar, directly from your Missouri tax liability.

How this works: The Light House has 50% Missouri Maternity Home Tax Credits available to those individuals and businesses who donate $100 or more.

If you pay Missouri income tax, personal or business, you qualify to benefit from this program.

To make a Tax Credit gift or for more information, contact Tim Ek at timothy.ek@mbch.org or 816-730-7202.

Consider this Sample Tax Credit Gift

(For a $1,000 gift from someone in a 39.6% tax bracket)

Source of Tax BenefitValue of Tax Benefit
State Tax Credit(50%)$500
State Income Tax Deduction(6%)$60
Federal Income Tax Deduction(39.6%)$396
TOTAL TAX BENEFITS
(GOVERNMENT'S PORTION OF GIFT)
(95.6%)$956

A donor in the 10% tax bracket (who itemized deductions) can make a gift to the Light House and receive back 66% of that gift in tax benefits from the state and federal governments. Your $1,000.00 gift "cost" you $340.00

A donor in the 15% tax bracket (who itemized deductions) can make a gift to the Light House and receive back 81% of the gift in tax benefits from state and federal governments. Your $1,000.00 gift "cost" you $290.00.

A donor in the $25% tax bracket (who itemized deductions) can make a gift to the Light House and receive back 81% of the gift in tax benefits from state and federal governments. Your $1,000.00 gift "cost" you $190.00.

A donor in the 39.6% tax bracket (who itemized deductions) can make a gift to the Light House and receive back 95.6% of the gift in tax benefits. Your $1,000.00 gift "cost" you $44.00!