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.
![Group of teenagers posing for the camera.](https://mycanopy.wpenginepowered.com/wp-content/uploads/2022/11/tax-credit-individual-bg.jpg)
This information is not intended to give tax advice. Consult a tax professional regarding your specific tax questions.