|Youth Opportunity Tax Credits:
One more way to help grow UCCC
WHAT ARE YOUTH OPPORTUNITY (YOP) TAX CREDITS?
The Youth Opportunity Program Tax Credits are designed for programs that broaden and strengthen opportunities for positive development and participation in community life for youth. Funding raised through the YOP-eligible gifts will directly support UCCC’s low-income families.
Learning the A, B, C's of YOPs Tax Credits
WHAT ARE TAX CREDITS?
IS MY GIFT ELIGIBLE?
HOW DO TAX CREDITS WORK?
Different than a tax deduction, which works by lowering taxable income, tax credits are a direct reduction of your taxes due. With tax credits, you have a chance to reduce the amount you owe to the state.
UCCC is extending tax credits to
Any entity or individual who pays Missouri income tax and files a Schedule A for itemized deductions may receive a tax credit. This includes:
The YOP Program provides 50% credit for eligible gifts. Example (at the 28% tax bracket):
Cash Gift: $1,000
Federal & State Tax Savings
Net Cost of Donation: $114
Please consult your legal and tax advisors regarding the unique benefits you can derive from this program.
CONTACT: KRIS SCHWETYE
for further information