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Don't Miss Out on Tax Credits!

Author: Mindy Carney | Posted: 1/16/2009 | Views: 560
Your Gift to St. Louis ArtWorks May Cost You Very Little

If you or your organization supported ArtWorks in 2008 and you pay Missouri income tax, you are eligible to receive a Youth Opportunity Programs tax credit.  Please don't miss the your opportunity to reduce your tax bill this spring.

 
For example, if you supported ArtWorks by commissioning a graphic image for $1,000, $900 is eligible, so you would received a credit for $450.  Your own tax adviser can give you more details.  Please download and print the form, fill it out and return it to us with a copy of your cancelled check.  We will sign off on it and submit it for you.
 
Cash: valued at face value amount of check – receives 50% credit.
Stocks and Bonds: valued at market value (high) on the date of transfer - receives 50% credit.
Materials, Supplies, Equipment: valued at the lesser of either the fair market value or contributor’s cost – receives 30% tax credit.

 

 If you or your organization supported ArtWorks in 2008 and you pay Missouri income tax, you are eligible to receive a Youth Opportunity Programs tax credit.  Please don't miss the your opportunity to reduce your tax bill this spring.

 
For example, if you supported ArtWorks by commissioning a graphic image for $1,000, $900 is eligible, so you would received a credit for $450.  Your own tax adviser can give you more details.  Please download and print the form, fill it out and return it to us with a copy of your cancelled check.  We will sign off on it and submit it for you.
 
Cash: valued at face value amount of check – receives 50% credit.
Stocks and Bonds: valued at market value (high) on the date of transfer - receives 50% credit.
Materials, Supplies, Equipment: valued at the lesser of either the fair market value or contributor’s cost – receives 30% tax credit.
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