MO Scholars
Under the guidelines established by the Missouri General Assembly in 2021, MOScholars tax credits may be awarded to individuals and businesses that file a Missouri income tax return and make an eligible contribution to a certified educational assistance organization (EAO). These private contributions for tax credits fund scholarship accounts for students with Individual Education Plans (IEPs) and students living in low-income households.
A MOScholars tax credit is equal to 100% of an eligible donation, not to exceed 50% of the donor’s state tax liability for the tax year the credit is claimed. MOScholars tax credits may be carried forward for four (4) subsequent tax years. The tax credit is not sellable, transferrable, or refundable.
For 2023, $26,850,000 in MOScholars tax credits will be available.
Eligible donors to the MOScholars program include any of the following that files a Missouri income tax return and is not a dependent of any other taxpayer:
An individual subject to state income tax;
An individual, firm, partner in a firm, corporation or shareholder in an S-Corp doing business in the state and subject to state income tax; and,
An express company that pays an annual tax on its gross receipts in Missouri under chapter 153.
Eligible contributions are monetary donations of $500 or more, including:
Checks drawn on a US banking institution;
Money orders;
Electronic funds transfers.
For more information please contact Abbey Wilson, awilson@csdpk12.com.