Generous Tax Savings Opportunity
MDFB Tax Credits Available for Training for Life Campus Donors
SOMO is making tax credits available to any Missouri taxpayer who donates $1,000 or more to support the Training for Life Campus.
These tax credits are available immediately through the Missouri Development Finance Board (MDFB), and represent a 50% tax credit for donations. Until now, these MDFB tax credits were only available to business and property owners. Now, any Missouri taxpayer can get a tax credit of 50% which, combined with federal and state tax deductions, can reduce taxes even more.
Learn more about these MDFB tax credits >
SOMO still needs to raise $2.2 million to complete the Training for Life Campus campaign so that construction can begin in 2017.
There's still time for you to make a much bigger impact with your donation and get an unusually generous tax reduction.
You can also consider a Leadership Gift, or naming opportunity, which may help you seize the most tax credits possible while doing the most good for thousands of SOMO athletes.
The SOMO tax credits provide a 50% credit on 2017 state income taxes, as well as additional savings on federal income tax. The end result is that you can get more than 70% of your donation returned to you.
If you have any questions or would like assistance in making your donation and claiming your tax credits, please contact Laurie Shadoan at Special Olympics Missouri by calling (913) 789-0353 or emailing her at firstname.lastname@example.org.