a few highlights about
MISSISSIPPI’S CHILDREN’S PROMISE ACT TAX CREDIT
for Individuals
a few highlights about…
- The state of Mississippi offers a dollar-for-dollar tax credit for donations made to eligible Qualified Foster Care Charitable Organizations (QFCCO), Qualified Charitable Organizations (QCO) and Eligible Transitional Home Organizations (ETHO).
- Canopy qualifies as a QFCCO, a QCO and an ETHO.
- You can receive a DOLLAR-FOR-DOLLAR TAX CREDIT on your Mississippi taxes for your donation to Canopy.
- Unused tax credits may be carried forward for 5 years.
- Tax-Types that Credit can be used against: Income Tax and Ad Valorem Tax
More information about the Children’s Promise Act tax credits for individuals can be found HERE.
it takes
3 Easy Steps
Step One
Make a donation! Canopy will mail your donation receipt with instructions on how to apply for your dollar-for-dollar tax credit.
Step Two
Complete the MS Department of Revenue online application for your dollar-for-dollar tax credit.
Step Three
Upload your donation verification to the MS Department of Revenue.
This information is not intended to give tax advice. Consult a tax professional regarding your specific tax questions.