YOP Tax Credits

What is YOP?

YOP is the Missouri Youth Opportunities Program that offers tax credits to offset income tax liability for eligible contributions made to approved YOP projects. YOP rewards individuals, businesses and corporations for providing youth with opportunities for positive development and participation in community life.

How Do Tax Credits Work?

You can claim 50% of your donation as a state tax credit. In addition, you can claim your donation on your federal and state income taxes to the 50% limit of your taxable income. You have up to five years use all your credits.

 

Too good to be true? Consider this*

$500 Gift, No YOP State Tax Credit

Cash/stock gift to FSC                                      $500

Missouri YOP tax credit                                   $0

Federal income tax deduction (28%)          -$140

State income tax deduction (6%)                 -$30

Net cost to you                                                  $330

 

$1,000 Gift WITH YOP State Tax Credit

Cash/stock gift to FSC                                    $1000

Missouri YOP tax credit                                -$500

Federal income tax deduction (28%)         -$280

State income tax deduction (6%)                -$60

Net cost to you                                                  $160

 

$5,000 Gift WITH YOP State Tax Credit

Cash/stock gift to FSC                                   $5000

Missouri YOP tax credit                              -$2500

Federal income tax deduction (28%)       -$1400

State income tax deduction (6%)              -$300

Net cost to you                                                $800

 

*Example is for someone in a 28% federal tax bracket. Benefits vary depending on your tax bracket. Check with your tax advisor to learn how the deductions will work for you.

 

Stock gifts transferred to Fathers’ Support Center are also eligible.  In addition to the tax credit, a donor will owe no capital gains.  As with any gift, the amount that is tax-deductible is dependent on each individual’s unique financial circumstances.  Please consult with your financial advisor. Donations of $1,000 or more are eligible for Fathers’ Support Center’s YOP