You may be eligible for 70% tax credits
Donations to Synergy Services are fully tax-deductible. Synergy Services has access to the Domestic Violence Tax Credit and Missouri Maternity Home Tax Credit Programs. In addition to all standard deductions for your charitable giving, accessing these tax credit programs while supporting Synergy Services could reduce your tax burden to the state of Missouri!
Both the Domestic Violence Tax Credit and the Missouri Maternity Home Tax Credit Programs offer credit to a donor at the rate of seventy cents per dollar of the contribution. The amount the taxpayer can claim shall not exceed the amount of the taxpayer’s Missouri State Tax Liability and is limited to $50,000 per taxable year.
Synergy Services is grateful for your contribution. We are glad to be able to offer tax credits through our agency. Thank you for your support!
Tax Credits FAQ's
A tax credit is an amount that is subtracted directly from the total taxes a taxpayer owes to the state. For example, if you donate $1,000.00 to Synergy and apply for a tax credit, your Missouri state tax liability will decrease by $700, as if it were cash.
Unlike deductions and exemptions, which reduce taxable income, tax credits directly lower the amount of taxes owed. The value of the credit is deducted from your total tax obligation.
Any individual or business who pays taxes in Missouri.
The state requires a minimum donation of $100 or more to obtain tax credits.
You do not need to itemize your deductions to take advantage of a Missouri tax credit. If taxes were withheld from your state income, you might qualify for a refund after submitting your tax credits.
Income, Corporate Franchise Tax, Bank Tax, Insurance Premium Tax
Tax credits do not automatically apply when donating, unlike a regular deduction. When donating, please indicate in the comment box (online), or in writing alongside the donation that you are interested in tax credits. We will then send you the application.
You can also reach out to our Development Team at info@synergyservices.org or at (816) 741-8700 to apply. You will then receive a tax form and verified receipt to fill out, sign, and date. Upon receiving this document, the Synergy Services Team will add a proof of donation and necessary agency signatures prior to sending the documentation to The Department of Social Services.
The Department of Social Services will then send you a letter in the mail (4-6 weeks) with a code to apply to your taxes.
For more information, contact our Development Team at tlaverty@synergyservices.org or at 816-505-4936 to apply. Please contact your tax advisor regarding charitable deductions and how tax credits may benefit you.