Mississippi tax credit Information
Mississippi Application for Allocations to Qualifying Charitable Organizations or Qualified Foster Care Charitable Organizations
What?
The Mississippi Department of Revenue allows you to allocate Mississippi State income taxes that you already pay every year directly to the ministry of First Bridge! This dollar for dollar tax credit allows an up to $1,200 allocation for those filing individually or an up to $2,400 allocation for those married filing jointly to be given directly to First Bridge.
Why?
This dollar for dollar tax credit allows your normal tax dollars to be given directly to the ministry of First Bridge while still counting towards your Annual State of Mississippi Income Tax. That means your tax dollars will be directly funding the feeding and clothing of in-need youths in our community of Petal, MS.
How?
Fill out the “Apply for a Charitable Contribution Credit" application on the TAP home page (tap.dor.ms.gov). Your donation can be up to $1,200 for individual or $2,400 for married filing jointly. Mail or bring your check payable to First Bridge in care of Petal First Baptist Church, 992 Hwy 42, Petal, MS 39465. A receipt will be mailed or emailed for your proof of donation that will be submitted to the state. The donation deadline and details for providing proof of the donation are included in a letter sent to the donor within 30 days of the application date. Proof of donation can be uploaded using the “Upload Requested Documentation" link available on the TAP home page under the Upload Documents section. You should receive a letter confirming receipt of the proof of donation and credit status within thirty days of the Department receiving the donor's proof of donation. If you owe less than $1,200 or $2,400, you can carry over the excess into the next tax year!
Need help?
Download our "Applying for a Charitable Contribution Credit" guide below! If you still have questions, please email us at [email protected]
| Applying_for_a_Charitable_Contributions_Credit.pdf |
