Your business can now donate
in support of MMS' future!
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MMS has been recognized as an Educational Services Charitable Organization (ESCO) under the Mississippi Children’s Promise Act!
This means tax credits may be available to business taxpayers who donate to the school. More information on these tax credits is available on this page of the Mississippi Department of Revenue’s website. To qualify for one of these tax credits, business taxpayers must file an application online with the Mississippi Department of Revenue. The application is available at https://tap.dor.ms.gov/ by clicking the “Apply for a Charitable Contribution Credit” link under Apply Online. (See picture below.) If the DOR approves the application, it will send the taxpayer a letter containing a donation deadline and details for providing proof of the donation. Importantly, tax credits for donating to ESCOs are subject to a statewide annual maximum, so businesses must submit the required application as early in the year as possible before the max is reached. The DOR typically begins accepting applications at 8:00 a.m. on the first business day of the new year. The MMS Team is excited for this opportunity and is beyond happy to help businesses complete this application. We will also submit the application on behalf of any business interested in contributing through this program -- with gusto! If you have any questions or are interested in donating to MMS, contact the school’s Executive Director at [email protected]. |
Note: The above has been prepared for informational purposes only. It is not intended as and should not be relied on for tax, legal, or accounting advice. You should consult your own tax, legal, or accounting advisors before engaging in any transaction.