Make a Difference - and get a Mississippi Tax Credit!

 

Support Mississippi’s children while saving on your taxes. Applying for the MS Children’s Tax Credit

is simple and can directly help organizations like Southern Christian Services that

serve children and families in need.

 

How to Apply (Takes Just a Few Minutes)
1.Visit Mississippi Department of Revenue Charitable Credits

(https://www.dor.ms.gov/charitablecredits)
2.Select “Click here for the Application for Allocations.”
3.Choose your “Type of Charitable Contribution Credit” from the dropdown.
4.Pick whether you’re applying as an “Individual” or “Business”.
5.Select your “Contribution Year” and complete the rest of the form. 

Each credit type below can be used separately or together to maximize your tax benefit.

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BUSINESS TAX CREDIT

 

1. Eligible Charitable Organization (ECO)

 

Who can Apply: Business Taxpayers (Corporations, Partnerships,

Limited Liability Companies, and Sole Proprietorships)

 

Tax-Types that Credit can be used against: Income Tax (50% of tax liability),

Insurance Premium Tax (50% of tax liability), Insurance Premium Retaliatory

Tax (50% of tax liability), Ad Valorem Tax (for entities not operating as a corporation,

50% of real property tax liability)

 

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2. Eligible Transitional Home Organizations (ETHO)

 

Who can Apply: Business Taxpayers (Corporations, Partnerships,

Limited Liability Companies, and Sole Proprietorships)

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Tax-Types that Credit can be used against: Income Tax (50% of tax liability),

Insurance Premium Tax (50% of tax liability), Insurance Premium Retaliatory

Tax (50% of tax liability), Ad Valorem Tax (50% of real property tax liability)

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