Tag: tax credit

We are excited to share that The Kitchen has a limited amount of Affordable Housing Assistance Program (AHAP) and Missouri Neighborhood Assistance Program (NAP) Tax Credits still available to donors. These 50-55% tax credits are available to donors with business income. Types of income eligible for tax credits include farm income, rent income, LLC or partnership income, sole proprietorship income or S-Corp income. Donations from corporations are also eligible for the tax credit. If you would like to secure tax credits but prefer to make your contribution later in the year, please let us know the amount you would like…

55% Tax Credits are available through the Affordable Housing Assistance Program (AHAP) of the Missouri Housing Development Commission. The AHAP tax credit is a one-time credit donors may use towards their Missouri tax liability for up to 55% of the value of an eligible donation. How do I qualify? Individuals who report farm income; income from royalties or rental property; income from a Sole Proprietorship, S-Corporation, Partnership, or Limited Liability Company may qualify. Foundations and businesses may also qualify. Always discuss tax benefits with your tax advisor. Contact Chris Ijames, Director of Development at (417) 225-7416 or cijames@thekitcheninc.org to claim tax credits.