New tax law is also raising lots of questions about your federal taxes. The Missouri Food Pantry Tax Credit (FPTC) answers one question about your state taxes. How can I pay less in state taxes?
When you give a gift of food or money (including stocks) to Circle, you qualify for Food Pantry Tax Credits. These credits directly reduce the amount you pay for your state income taxes. With a simple form verified by Circle, you can earn up to $2,500 in tax credits when you give up to $5,000. Couples filing jointly can earn up to $5,000 in credits when they give up to $10,000.
To make things easy for you, we will proactively prepare, sign and send the verified form to every donor who gives at least $250 in cash during 2018. The forms will be mailed at the end of January 2019, in plenty of time for your tax preparer to submit it with your state income tax return by April 15, 2019.
Please consider donating Circle this holiday season.
