Posted on October 4, 2013May 31, 2016 by Jan Roberg

Small Business Healthcare Tax Credit

http://www.smallbusinessmajority.org/tax-credit-calculator/

“Starting in 2010, up to 4 million small businesses that offer healthcare coverage to their employees may be eligible for a tax credit. Fill in the amounts below to find out what your tax credit will be.

To qualify, a small business must:
Have fewer than 25 full-time equivalent employees
Pay average annual wages below $50,000 per FTE
Contribute at least 50% of each employee’s premium

Notes:
Owners are excluded, and should not be counted in number of employees, wages, or premium contribution amount.
Tax credits can’t be larger than actual income tax liability.
For detailed information about how the tax credit works and other issues related to the new law and small businesses, see this list of frequently asked questions. We’ll be adding to this document regularly.”

Posted on July 19, 2013May 31, 2016 by Michael Siebert

Qualified Plug-in Electric and Electric Vehicle Credit

Photo by John Biehler at Flickr.com

Thinking about purchasing an Electric Vehicle (EV) or a Plug-In Hybrid Electric Vehicle (PHEV)? The Federal government and many states offer incentives to people who do. Currently, the Chevrolet Volt is the highest selling Plug-In Hybrid vehicle in the United States followed by the plug in Toyota Prius and the Nissan Leaf. Many taxpayers are making the switch to reduce what is commonly referred to as their “carbon footprint.” Plus, these cars do actually look like normal cars and are less toxic to the environment. They do not need oil changes—they don’t even have an engine!

www.pluginamerica.org, whose mission is to “accelerate the shift to plug-in vehicles powered by clean, affordable, domestic electricity to reduce our nation’s dependence on petroleum and improve the global environment” is a 501(c)(3) public charity dedicated to this purpose. Visit their website at www.pluginamerica.org for more information and help.

The tax credit for purchasing a plug-in hybrid or electric car is $2,500 to $7,500. The amount depends on the size of the battery. The credit was created in the American Recovery and Reinvestment Act—aka the stimulus package. There is a phase out after an automaker sells 200,000 vehicles that are eligible for the credit. If you are curious about the quarterly sales, the IRS has posted that information for some automakers: http://www.irs.gov/Businesses/IRC-30D-%E2%80%93-Plug-In-Electric-Drive-Motor-Vehicle-Credit-Quarterly-Sales.

There are state incentives as well. For example, In Arizona, there are reduced license fees and tax credits for installing EV charging stations. To check your state incentives, visit http://www.pluginamerica.org/incentives

Also, taxpayers often get insurance discounts for purchasing an electric car. Check with your insurance provider to see if you qualify for any breaks.

Where is the credit reported? Use Form 8936

Form 8936—Qualified Plug-in Electric Drive Motor Vehicle Credit (http://www.irs.gov/pub/irs-pdf/f8936.pdf)
Use this form for all electric vehicle types purchased in 2012 or later. For example, if you purchase a Chevy Volt it would go on the 8936.
Also, new qualified two or three wheeled plug in electric vehicles would go on the 8936. However, if it was acquired before 2012, report it on Form 8834.

How does the Government know you’re making a legitimate claim? The forms ask for the Vehicle Identification Number or (VIN) which has all of the information they need to prove your claim.

Not sure if your vehicle qualifies or how much of a credit you should get? Check out http://www.irs.gov/Businesses/Qualified-Vehicles-Acquired-after-12-31-2009. Take the Chevrolet Volt for example. Click on General Motors and you can see the 2011, 2012, 2013, and 2014 Volts all have a credit amount of $7,500. Most of the vehicles do in fact have a credit amount of $7,500.

There is no phase out of the credit based on your income.

Imagine a highway of all electric cars. What would it sound like?

Posted on July 12, 2013May 31, 2016 by Michael Siebert

Schedule R – What is the Schedule R Anyway?

Photo by Jen Ren at Flickr.com

Schedule R is Credit For the Elderly or the Disabled. It’s purpose is to provide a measure of financial relief for low-income senior citizens and taxpayers who are unable to engage in any kind of gainful employment as a result of their disability.

You may be able to take the credit if you are 65 or older. If you are under age 65, you must be permanently and totally disabled, receive taxable disability income for 2012, and on the first day of the tax year you did not reach mandatory retirement age.

As with all tax credits, there is a set of income limitations that may or may not qualify you for the credit. It is posted below:

	Then you generally cannot take the credit if:
If you are…	Then amount on Form 1040A, line 22, or Form 1040, Line 38, is… (AGI)	Or you received
Single, head of household, or qualifying widower	$17,500 or more	$5,000 or more of nontaxable social security or other nontaxable pensions, annuities, or disability income
Married filing jointly and only one spouse is eligible for the credit	$20,000 or more	$5,000 or more of nontaxable social security of other nontaxable pensions, annuities, or disability income
Married filing jointly and both spouses are eligible for the credit	$25,000 or more	$7,500 or more of nontaxable social security or other nontaxable pensions, annuities, or disability income
Married filing separately and you lived apart from your spouse for all of 2012	$12,500 or more	$3,750 or more of nontaxable social security or other nontaxable pensions, annuities, or disability income

Figuring the credit is a little tricky but the IRS can figure the credit for you if you are doing everything by hand. If you are filing Form 1040, check box c on line 53, and enter “CFE” on the line next to the box. Attach Schedule R to your return.

How does the IRS determine what is permanent and total disability?

You cannot engage in any substantial gainful activity because of a physical or mental condition
A qualified physician determines that the condition has lasted or can be expected to last continuously for at least a year or can lead to death.

Taxable Disability Income is the total amount you were paid under your employer’s accident and health plan or pension plan that is included in your income as wages instead of wages for the time you were absent from work because of permanent and total disability. This is different from Social Security Disability which is never taxable.

After you have reached mandatory retirement age, disability income does not include any money received from your employer’s pension plan.

Also, you may need a physician statement located in the Schedule R instructions. This to certify you were permanently and totally disabled on the date you retired. This is not filed with the tax return but is to be kept with your records. You don’t need a physician’s statement if you filed one for 1983 or an earlier year, or you filed for tax years after 1983 and the physician signed on line B of the physician statement. Line B reads “There is no reasonable probability that the disabled condition will ever improve…..”

The Department of Veterans Affairs can certify that people are permanently and totally disabled. If this be the case, you can use VA Form 21-0172 instead of a physician’s statement. The form must be signed by a VA authorized person. Visit your local VA regional office for the form or to ask questions.

Remember, the IRS can figure the credit for you, or your software can. If you are inclined to do it by hand, just make sure to read every line carefully and include all of the amounts in question. It is one of the more complicated credits to compute. The amount of credit can be reduced if you received certain types of nontaxable pensions, annuities, or disability income.

The amount of credit you can claim is generally limited to the amount of your tax. Use the Credit Limit Worksheet in the Instructions for Schedule R to determine if your credit is limited.

So how does a taxpayer end up in the situation to be able to claim a Schedule R credit? It’s very rare, but if you have taxable disability income, be sure to check in case you do qualify.

___________________________________________________________________________________________
Below are some links that may help:

http://www.irs.gov/pub/irs-pdf/f1040sr.pdf
http://www.irs.gov/pub/irs-pdf/i1040sr.pdf
http://www.irs.gov/publications/p524/index.html
http://www.irs.gov/pub/irs-pdf/p554.pdf

Posted on April 2, 2013May 31, 2016 by Jan Roberg

The Tonight Show Tax Credit

Photo by bernie.levine (new year, new beginning) on Flickr.com

I usually write about Missouri tax credits, that’s my state, but today I get to talk about New York. I love New York, it’s a wonderful place, but this new tax credit proposal has me shaking my head.

Have you heard about it? New York’s new state budget has a tax credit for (and I’m going to quote directly from the New York Daily News) “A talk or variety program that filmed at least five seasons outside the state prior to its first relocated season in New York.” There are more requirements here; the show has to be filmed in front of a studio audience of at least 200 people and has to have an annual production budget of at least $30 million.

Can you say, “Tonight Show?” Honestly, can you think of any other show that even meets that criteria?

This new tax credit will pay for 30% of the production costs of the show. Do the math here—the show has to have an annual production budget of at least $30 million, and the state will pay 30 percent of the budget—that’s a lot of money.

In fairness, New York has had tax credits for the film and television industry for years. The New York State film production credit program has helped hundreds of projects get made in New York and that film production has generated millions of dollars of revenue to New York. The cost of the tax credit to New York is around $420 million in lost tax revenue annually. One of the key provisions of the old bill was that the film or television projects had to originate in New York.

But this new credit—well it sounds a bit targeted. Really targeted. NBC has already started building Jimmy Fallon a new studio over at 30 Rock—supposedly for his Late Night show—NBC has not announced that it will actually move the Tonight Show from California.

Call me crazy, but if New York wanted to pay me $9 million to move my business over there, I’d be packing my bags in a heartbeat.

I recognize that states are vying to pull businesses from other states to boost their economies during this economic downtime. State legislatures all over the country are playing games with tax credits. I don’t really think it’s good for the country as a whole, but I can’t stop it either.

But a Tonight Show Tax Credit? Is this really in the best interests of the people of New York State? I’m not seeing it. Maybe it’s because I’m still from Missouri, and you’ll have to “show me.”

Here are two great links to check out:

http://www.nydailynews.com/entertainment/tv-movies/exclusive-tentative-state-budget-jimmy-fallon-tax-credit-article-1.1295513

http://theweek.com/article/index/241792/should-new-york-use-tax-credits-to-woo-jimmy-fallon-and-the-tonight-show

Posted on November 27, 2012May 31, 2016 by Jan Roberg

What’s New with the Earned Income Tax Credit? You Need to Know This

If you usually claim the Earned Income Tax Credit (EIC) then you need to know about the new rules. Although the dollar amounts of the EIC have remained the same, the reporting requirements have changed dramatically. If you have your taxes done by a professional—then you need to be prepared for the additional paperwork.

So what’s different? It’s the new page 4 of Form 8867—Paid Preparer’s Earned Income Credit Checklist (http://www.irs.gov/pub/irs-pdf/f8867.pdf). That’s the form that tax preparers have to fill out and send in along with your tax return. The quick and dirty summary is: if a tax preparer doesn’t ask enough questions and fails to get enough information before submitting your EIC tax return, she’ll be subject to a $500 fine. Ouch. That’s $500 per tax return. A few bad tax returns can put your tax preparer out of business.

So what’s on this page 4? Well the first item is proving that the child you’re claiming EIC for really lives with you. Here’s what you can use to prove your child lives with you:

School records or statement
Landlord or property management statement
Health care provider statement
Medical records
Child care provider records
Placement agency statement
Social service records or statement
Place of worship statement
Indian tribal official statement
Employer statement

You don’t need to have all of these things, but you’ll need at least one thing to show your child lives in your house. The school records are probably the easiest if your child is of school age. For me, as a tax preparer, I would accept your child’s last semester report card as evidence of residency as long as the report card has your home address on it.

If you are claiming a disabled child, you’ll need to prove the disability. Here are the documents for that:

Doctor statement
Other health care provider statement
Social services agency or program statement

So with a disability, you have a double issue—proving residence and the disability. Although to be quite honest, I suspect that these statements would also include a home address on them and serve a duel purpose.

And if you’re self-employed, you’re going to need to prove you really have some sort of business with the following records:

Business license
1099MISC forms
Records of gross receipts
Income summary
Expense summary
Bank statements

These records are pretty standard for anyone who is self employed anyway so this shouldn’t be a burden. Bottom line here is—if you have a business, you need to run it like a business and keep proper business records.

In addition to the new paperwork requirements, of course you’re still going to have to show you and your children’s social security cards. Also, if you’re getting a bank product (where you pay for your tax preparation out of your refund) you’ll need to have a driver’s license or state ID card with your correct current address on it.

The IRS has already announced that people can expect their refunds to be delayed this year. For the fastest possible refund, you want to make sure that you’ve got all of your paperwork together before you even head to the tax office.

Be sure to check out http://www.eitc.irs.gov/central/main/ to answer any EITC questions you may have. Or call us and we would love to help.

Posted on June 22, 2012May 31, 2016 by Jan Roberg

The Government Imposes Taxes to Make Us Behave the Way it Wants Us To (An Editorial)

Photo by Tom Lohdan on Flickr.com

The Government imposes taxes to make us behave the way it wants us to. Whew! That sounds like something one of my “nutjob government conspiracy type” friends would say, not me. Except that it’s true. If you don’t believe me, just take a look at the so called “sin taxes”. You know, the extra taxes imposed on cigarettes and liquor.

The federal government taxes each pack of cigarettes by a $1.01. Add to that the state taxes, here in Missouri, we have the lowest cigarette tax in the country at 17 cents a pack, but Washington State has a tax of $3.20 per one single pack of 20 cigarettes. You really gotta want a cigarette to smoke in Washington.

Beer, on the other hand, only brings in 5 cents per 12 ounce can to the feds. But a bottle of tequila will fetch $2.14 cents in taxes. And that’s before adding in the state taxes!

So maybe you don’t smoke or drink, you might think these taxes don’t apply to you. But it’s not just our sins that the government is trying to control; it’s our shopping behavior as well. Think about the First Time Home Buyer Tax Credit–a nice chunk of change of up to $8,000 for buying a new home. The energy tax credit–for making our homes more energy efficient. And of course the energy efficient vehicle tax credit–for buying an electric or fuel efficient car. All of these tax credits were intended to help various industries.

So maybe these programs didn’t apply to you either, but here’s one that probably did: The Economic Stimulus Act of 2008. Maybe you remember that’s the year that everybody got an extra $300 check in the mail. The idea was that if everyone in America got an extra $300, they’d go out and spend it and that would jump start the economy again. Unfortunately, that didn’t work. A large percentage of the population used that money to either pay down their credit cards or add to their savings accounts–we didn’t get the consumer bang that the government wanted. You might remember we later got the “Making Work Pay” credit, which basically gave us an extra $400 but it was doled out in our paychecks in tiny increments over the course of the year. People hardly noticed the increase in their paychecks, so the money just got spent.

The analogy that I think of here is that it’s kind of like having a $50 bill in your wallet. I don’t get 50 dollar bills very often, so when I do get one I tend to hang onto it for awhile. “I’ve got a $50 dollar bill, it’s special, and I don’t want to spend it!” Now give me a $5 or a $1 bill and it’s gone. My nephew calls it “blowing your money away.” (He actually uses a slightly different phrase but I’ve been edited for my G rating.) You understand though, it’s much easier to let small amounts of money slip through your hands than larger amounts. So these little tax games have made us spend more money–without us even being aware of it.

And I have a problem with that. I don’t like the idea of being manipulated for one thing. But more importantly, I think our tax code sends a message about American values that I don’t think we as a country should be sending. As a nation we talk about the importance of marriage and of children being raised in a two parent family–and then we pay a premium to unmarried parents through the Earned Income Tax Credit. I don’t think it was intentional, but that’s what happens. Young married families with two incomes get phased out of that tax credit, but if you don’t get married–then you get the money. And it’s huge! We’re talking thousands of dollars a year. That’s a big incentive for not getting married. Why are we doing that?

There’s already been lots of talk from the politicians about changing the tax code. “Tax the rich”, “don’t tax the rich” those arguments can go on for hours. But what I’m not hearing, and what I’d really like to hear, is where should our country be headed? How do we get there? How much is it going to cost? And how are we going to pay for it over the long haul? These quick-fix one-year only tax incentives aren’t the way to run a country. And while the rich are very concerned about their taxes (and rightly so, they seem to have the most to gain or lose during this election) the tax code affects everyone; rich, poor, and middle class. We need long range planning, long range goals, and a long term tax plan. Let’s bring the grownups to the table, drop the manipulation games, and get to work on a real solution.

Posted on March 30, 2012May 31, 2016 by Jan Roberg

The Retirement Saver’s Credit – Cool Cash for Smart Young People

Photo by Ben Lakeyon flickr.com

The Retirement Saver’s Credit sounds like an old person kind of tax credit, but, for the most part, it’s really more of a young person’s credit and it gets totally ignored. The coolest part about the Saver’s Credit is that it’s a credit, not a deduction. That means that it’s a dollar for dollar reduction of your tax liability. A $100 tax credit would reduce your taxes by $100. A $100 tax deduction would reduce your taxes by $10 to $35 depending on your tax bracket. See the difference? Tax credits are better than deductions. The Saver’s Credit is for people with lower incomes so we’re looking at 10 to 15% tax brackets.

The Saver’s Credit can be worth up to $1,000 ($2,000 if you’re married filing jointly), so it’s pretty valuable. Basically, it’s like the government is giving you money for saving for retirement – how cool is that?

Who’s eligible?

You have to be 18 or over
You can’t be a full time student
You can’t be claimed as a dependent by someone else

So what are the income limitations?

Single, married filing separately, or qualifying widower – $28, 250
Head of Household – $42,375
Married filing jointly – $56,500

So what do I have to invest in to get this tax credit? That’s the easy part, you can invest in any of the following:

A traditional or Roth IRA
Most any employer sponsored retirement plan

The one thing that doesn’t qualify is rollover contributions. Also, if you’ve taken money out of a retirement plan, it could reduce your ability to qualify for the credit.

So if I put $1,000 into an IRA the government is going to give me a $1,000 tax credit? No. I said it’s easy, but it’s not that easy. It works on a sliding scale: the lower your income, the larger the percentage you get, somewhere between 10% and 50% of your contribution. The form you need is form 8880. Here’s a link: http://www.irs.gov/pub/irs-pdf/f8880.pdf

Let’s say you’re single, you made $18,000, and you put $2,000 into a Roth IRA. You’d qualify for a $400 tax credit. You can figure that out by looking at the chart and you’ll see you qualify for a 20% tax credit.

The coolest thing about the Retirement Saver’s Credit is that you can play with it. Let’s go back to the example above – you’re single and made $18,000. You have until April 15th to put money into an IRA, so you don’t have to have this all done before tax time. At $18,000 income, you qualify for a 20% tax credit, but at $16,999 you qualify for a 50% tax credit. So if you put $1,001 into a traditional IRA (instead of the $2,000 you were going to put into the ROTH), it will lower your overall income, making your “adjusted gross income” or AGI, $16,999. Now, instead of getting a $400 tax credit on $2000, you get a $500 tax credit on $1,001 – and you still have another $999 left over to save or spend.

So you might be thinking, “Cool, I’ll just put it all into an IRA!” And you can, but you reach a point where the credit doesn’t do you any more good. The Retirement Saver’s Credit is what’s called a “non-refundable” credit. That means that once you zero out your tax liability, you don’t get anything more.

Let’s go back to our example: you’re single, you make $18,000. This time you put the whole $2,000 into a traditional IRA. Now your AGI is $16,000, that means your taxable income is $6,500 and your tax liability is now $658. So you complete form 8880 and you see that you qualify for a 50% credit which is $1,000 but since your tax liability is only $658—that’s all the credit you get.

Now if you have $2,000 to put into savings, I am 100% behind you saving the full $2,000. But, you may be better off putting some of that money into a regular savings account instead. It’s something to play with. Never sneeze at a 50% return on your investment. Let’s be real, that’s what this is. Even the 10% and 20% return is a good deal. But once you’ve maxed out that return, then you need to look at what other options you’ve got. That’s why I like IRAs. You can figure out your tax return first before make the investment. The absolute best part – you can make the investment with your income tax refund! You can actually do your tax return, plan out your IRAs, and not fund them until after you’ve gotten your refund.

Not everyone will qualify for the Credit for Qualified Retirement Savings Contributions, but if your income is anywhere close, you’ll definitely want to at least look into it.

Posted on November 18, 2011May 31, 2016 by Jan Roberg

What You Need to Know About the 2011 Home Energy Tax Credit

Day Nine, Insulation and New WIndows Ready to Install

Photo by Gary J. Wood on Flickr.com

They’ve flip-flopped on the issue more often than a presidential candidate in a primary debate. If you’re a little confused about what you can or can’t deduct, you’re not alone. Hopefully this will help.

First, in order to claim this credit, any improvements must be made to an existing home and it must be your main residence. This means that landlords and new home builders are out of luck on this one.

The credit is smaller than before. If you did improvements in 2011, the credit is 10% of the cost of the improvements and it caps at $500. Some credits, like windows, are capped at an even lower amount.

There’s also a lifetime limit on the credit so if you received an energy tax credit anytime between 2006 through 2010 then your 2011 energy tax credit will be reduced by that much.

Excuse me for a moment while I rant and rave. The IRS says on its website that you should keep your tax records for 3 years. But for this case, the IRS is expecting you to go back through 5 years worth of information to see if you claimed a credit back in 2006? This is crazy. Nobody’s tax software has carried forward that information because it was never a carry forward issue until now. This tax credit is kind of a “Thanks, but no thanks,” kind of deal. Gee it’s nice that they extended it and all, but it’s really going to be a pain in the *#$. I’m expecting a lot of IRS “gotchas” with this credit and I think “gotchas” are morally wrong.

Okay, back to business now. The bottom line is, if you’ve claimed $500 worth of energy tax credits at any time over the past 5 years, don’t try to claim any more. Make sure you check (because the IRS most certainly will). The form you’re dealing with is Form 5695. I don’t have a link to the 2011 form yet.

Also, if you’ve zeroed out your taxable income, this credit is “non-refundable” which means it’s only a credit against your tax liability, if you owe no tax, this credit won’t help you.

Another thing is the whole “Energy Star” issue. You’ll want to make sure that the improvements that you make on your home qualify under the “Energy Star” program. Here’s a link to their website: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index. But it’s important to remember that just because you buy something that has an Energy Start label doesn’t mean that you’ll qualify for a tax credit. I had a couple of clients last year who brought in receipts and Energy Star labels but it was for things that didn’t qualify for the tax credit.

If you need to install insulation or storm windows, go ahead and do the work. Do what’s right for your home and family. If you manage to qualify for a tax credit for it, great, but don’t count on receiving that tax credit as you calculate your expense of the project. There are a lot of land mines you have to step over to get to it.

Posted on January 11, 2011May 31, 2016 by Jan Roberg

Making Work Pay Tax Credit

Once again this year, most taxpayers will need to file a Schedule M in order to claim the Making Work Pay Tax Credit. Its worth up to $400 for single taxpayers and up to $800 for married filing jointly couples. It’s the same schedule M form that you had to file last year to receive the credit; it just hasn’t gotten very much publicity lately so some people might forget about it.

Most tax software will automatically calculate it for you, but if you’re preparing a return by hand, you need to remember to include the form. Here’s a link: http://www.irs.gov/pub/irs-pdf/f1040sm.pdf

Most people who earned wages or were self employed qualify for the Making Work Pay tax credit, although if your parents claim you as a dependent then you won’t qualify. Also, persons filing a non-resident return or persons filing a return without a work-valid social security number won’t be able to claim one either. There are also restrictions for high-income wage earners as well.

If you need more information, here’s a link to the instructions for the form. http://www.irs.gov/pub/irs-pdf/i1040sm.pdf

Posted on December 1, 2010May 31, 2016 by Jan Roberg

Last Minute Tax Tips: Missouri Food Pantry Credit

UPDATED FOR 2013

Did you know that if you donate money to a local food pantry in Missouri, you may be eligible for a Food Tax Credit worth 50% of what you donate? Let’s say for example that you gave $500 to your local food pantry. You would get a receipt (or have the food pantry sign a special form) and then you’d use that to take $250 off of your Missouri state tax liability. But that’s not all! It’s a charitable donation so if you file a Schedule A to itemize your deductions, you’d reduce your federal taxable income by $500. So if you’re in the 25% tax bracket, that would be another $125 you’d get back on your taxes. That’s like paying $125 to have $500 worth of value.

But it’s even better than that. I read on one of the food pantry websites that for every $1 of cash donated to the pantry, $20 worth of food is generated for the hungry. It’s a gift that just multiplies.

You can’t claim a credit for over $2,500 (that would be a $5,000 donation.) The credit is non-refndable, that means you can’t get a credit for more than the amount of your tax liability. Remember, since you’re getting a tax credit for the donation, you don’t get to claim the donation as a deduction on your Missouri return-it’s an adjustment you’ll have to make on the return.

The state of Missouri has only allocated $2,000,000 for the tax credit. What happens is that all the credits are held until April 15th before they are allocated. If there are over $2,000,000 of credits applied for, they will be allocated among the applicants. In that situation, the credits that you weren’t able to use can be carried forward to next year.

This is one of the those few tax credits that normal, everyday kind of folks can use. There’s no dollar minimums but I recommend donating at least $100 to make it payoff. Most tax companies charge an extra fee for preparing Missouri Tax Credits. It doesn’t make sense to claim a credit for less than the amount of the charge to prepare the form.

For more information about the Food Pantry Tax credit, click here to go to the Missouri Department of Revenue web site: http://dor.mo.gov/taxcredit/fpt.php

The food pantry shelves are low and the need is at an all time high. Even if you don’t want or need a Missouri tax credit, this is a charity that’s worthy of your support.