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Tax Credits2022-05-09T14:25:21-05:00

MISSOURI TAX CREDIT INSTRUCTIONS

We are excited to announce that as of July 1st, 2016, any financial gift accepted by Coalition Life over $100 may be eligible for a 70% Missouri PRC tax credit.

If your donation(s) to Coalition Life meet or exceed the amount of $100 in a calendar year (January 1st through December 31st) then you will be sent a tax credit application in the mail which you will fill out and then mail back to Coalition Life. After internal processing, which may take 2–3 days, the Coalition will send the application to the state government. The state may take 45–90 days to process the application. They will then send information to you on how to apply your tax credit to your tax return.

While these tax credits are a huge opportunity to give a much larger gift, there is a 12 month expiration on any donation you may give. For this reason, we ask that your send your application back to us as soon as possible. If you have any questions please call Coalition Life office at (314) 827-4039.

FAQ Spotlight: Tax Credits

WHAT ARE TAX CREDITS?2022-01-07T11:04:34-06:00

A tax credit is an amount of money that will be credited back to you from the Missouri state government based on 70% of your donation to Coalition Life. There is a limit of $50,000 per tax filing or ~$71,500 donation. This can be applied to both individuals and businesses.

WHAT ARE THE REQUIREMENTS?2022-01-07T11:07:32-06:00

The donation must be made to Coalition Life. Your one-time donation or monthly donations must meet or exceed the total of $100 in one calendar year. We accept all major credit cards, checks, ACH bank transfers, donor-advised funds, and stock donations. In-kind donations do not count towards your yearly tax credit amount.

WHAT DO I NEED TO DO TO BECOME ELIGIBLE?2022-01-07T11:08:35-06:00

To be eligible for tax credits all you need to do is donate a minimum of $100 to Coalition Life in one calendar year and owe Missouri state taxes through your personal or business return.

WHAT DOES THE PROCESS LOOK LIKE?2022-01-07T11:21:45-06:00
  • Donate $100 or more
  • We (Coalition Life) will send you a tax credit application
  • You will fill out the application and send it back to us
  • We will submit the application to the State on your behalf
  • The State will send you paperwork to keep for your taxes (45–90 business days)
HOW MUCH IS MY TAX CREDIT WORTH?2022-05-10T08:33:38-05:00

Tax credits for donations prior to January 1, 2021, are worth 50% of the total amount you donated. After January 1, 2021, the tax credits increase to 70%. In addition to the credit, you may also be able to deduct your donation from your Federal and State taxes as a normal charitable donation. For more information, please click the link below.

Missouri State Tax Credits

WHAT IS THE TYPICAL TIMEFRAME?2022-01-07T11:13:40-06:00

Once the application is returned to the Coalition Life office, it may spend 1–2 weeks in internal processing. Then it is sent to the state government. It may take 45–90 days for the state to send the tax credit information to you. We would encourage you to be prompt about returning your tax credit application to the Coalition because your application must be submitted no later than 12 months after your donation. Also note, the State gets a large amount of traffic right before tax season (February–April), and it may take them longer than 45 days to process your application.

UNSURE OF WHERE YOU ARE IN THE PROCESS?2022-01-07T11:14:13-06:00

Give us a call and we will be happy to let you know the status of your current application!

314-827-4039 Ask for Nathanael: Tax Credit Specialist or Katelin: Director of Business and Administration.

YOU CAN GET A 70%
MISSOURI
PRC TAX CREDIT

HOW PRC TAX CREDIT WORKS:

  1. Donate $100 or more to Coalition Life
  2. Coalition Life will send you a tax credit application
  3. Fill out the application and send it back to Coalition Life
  4. Coalition Life will submit the application to the State on your behalf
  5. The State will send you paperwork to keep for your taxes (45–90 business days)

Headquarters
11780 Borman Dr. Ste. 128
St. Louis, MO 63146

Community Center
331 Salem Place Ste. 170
Fairview Heights, IL 62208

(314) 827-4039

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