Habitat for Humanity of St. Charles County (HFHSCC) is continuing to address the ever-increasing need for affordable housing in our community, as well as the need for improved health and education of our hardworking homeowner partners and their children. Since it’s founding in 1997, HFHSCC has completed 70 homes with the generous contribution of many members of the community, both as donors and volunteers. These homes provide approximately 280 individuals with a safe, affordable place to call home and help them break the cycle of poverty.
How to Obtain an AHAP Tax Credit
The Missouri AHAP tax credit is used as an incentive for a Missouri business and/or individuals to participate in the production of affordable housing. This state tax credit is earned by an eligible donor for the donation of cash, equity, services, or real or personal property to HFHSCC, thereby assisting in our mission of building homes for hardworking, but needy families. The AHAP tax credit for an eligible donor equals 55 percent of the total value of the donation to HFHSCC.
35% Tax Bracket Donation Amount $1,000
Subtract Tax Savings: AHAP Tax Credit 55% of Donation Amount ($550) Federal Inc Tax Charitable Donation Deduction 35% of Donation Amount ($350) Missouri Inc Tax Charitable Donation Deduction 6% of Donation Amount ($60)
Add Back Lost Benefit for Lower State Tax Deduction on Federal return: 35% of reduction of state income tax of $550 $193 Net Tax Savings ($768)
Net Out of Pocket for $1,000 Donation $233
Eligible Donor: To be eligible, a Donor must be subject to Missouri tax from business activities performed in the state of Missouri. More specifically, a Donor must be classified as one of the following: A corporation, a sole proprietorship, a farm operation, an individual reporting income from rental property or royalties, a small business corporation, a partnership, a bank, credit institution, savings and loan association, credit union, farmer’s cooperative credit association, or building and loan association, an insurance company, an individual partner in a partnership or shareholder in an S-Corporation or a public or private foundation.
Tax credit are limited. Available on a first come, first serve basis. Note, please contact Habitat for Humanity prior to donation.