Missouri Tax Credits
Southeast Missouri Food Bank has Missouri Food Pantry tax credits available. This program provides a tax credit to any Missouri taxpayer (individual, corporation or trust) that makes a financial donation to Southeast Missouri Food Bank’s mobile food pantries or Good Neighbor Food Pantry. The taxpayer receives a tax credit of 50% of the gift (up to $2,500 per taxpayer per year).
The benefits to eligible donors are:
- Receive a charitable deduction (State)
- Reduce your Missouri State Income Taxes by as much as 50% of the amount of donation (depending on the amount)
- Benefit southeast Missouri by supporting the mobile food pantry program or the Good Neighbor Food Pantry.
How to Claim the Food Pantry Credit: To claim the Food Pantry Tax Credit, the claimant must attach the following to their Missouri tax return:
- A completed Miscellaneous Income Tax Credits Form (MO-TC).
- A completed Food Pantry Tax Credit Form (MO-FPT) or documentation from the food pantry which specifies the name of the food pantry, the dates and amounts of donations, and the name of the person making the donations. A separate MO-FPT or letter documenting the donations must be submitted for each food pantry to which donations were made.
Eligible Use of Food Pantry Tax Credit:
- The amount of the credit claimed may not exceed the amount of the claimant’s tax liability. If the credit exceeds the claimant’s tax liability, the excess amount may be carried forward three subsequent years.
- If the claimant reports donations used to calculate the Food Pantry Tax Credit as a charitable contribution on their federal Schedule A, the donation amount must be reported as a modification (addition) on Missouri Individual Income Tax Adjustments Form MO-A.
Anyone employing persons not authorized to work in the United States under federal law is not eligible for the credit.
For more information on the Missouri Food Pantry Tax Credit, contact Lisa Church.
You can also contact the Missouri Department of Revenue, Taxation Division at:
Telephone: 573-526-8733 (for individual and fiduciary tax) 573-751-4541 (for corporation income tax)