Champion for Children (CFC) Tax Credit

The deadline to file a claim for this tax credit for fiscal year 2022 expired on April 15, 2022.

 

NOTE: Champion for Children Tax Credit (formerly known as the Children in Crisis Tax Credit) is reauthorized as of December 31, 2019.

Under Section 135.341, RSMo, contributions made to an eligible agency on or after January 1, 2013 may qualify for the Champion for Children Tax Credit.

Purpose

Provides a tax credit for contributions made to a qualified agency as determined by the Department of Social Services.

Eligible Applicants

Any individual or corporation that has income tax due under Chapter 143, RSMo, excluding taxes withheld under Sections 143.191 to 143.265, RSMo, and that makes a contribution to a qualified agency.

How the Program Works

A Champion for Children Tax Credit may be claimed in an amount equal to fifty percent of a contribution made to a qualified agency. The minimum contribution amount is $100.

Eligible Use of Tax Credit

Any amount of tax credit which exceeds the tax due may be carried forward to the next four subsequent years, not to exceed a total of five years. The CFC tax credit is not refundable and may not be assigned, transferred, or sold.

Procedures to Claim the Credit

To claim the Champion for Children Tax Credit, the taxpayer must attach Form MO-CFC or a copy of the contribution verification provided by the qualifying agency, to the income tax return along with a completed Form MO-TC.

Funding Limits and Due Date

Returns claiming the Champion for Children Tax Credit must file a return between July 1 through April 15 of each fiscal year.

The cumulative amount of the tax credits redeemed shall not exceed a total of $1,000,000 for all fiscal years ending on or before June 30, 2019, and one million five hundred thousand dollars for all fiscal years beginning on or after July 1, 2019.  The amount available shall be equally divided among the three qualified agencies:

  • CASA
  • Child Advocacy Centers, or
  • Crisis Care Centers.
In the event the total amount of tax credits claimed exceeds the amount available, the amount redeemed will be apportioned equally to all eligible taxpayers claiming the credit for that agency. 

If the credit amount redeemed is apportioned and reduced due to lack of available funds, the taxpayer will not be held liable for any penalty or interest, provided the balance is paid or approved payment arrangements have been made, within sixty days of notification. If the balance is not paid within sixty days of notification, the remaining balance, including interest and penalties will be due and payable.

Authorization

This credit may be applied to the taxpayer’s individual income tax, corporation income tax, or any other tax incurred under the provisions of Chapter 143, RSMo, excluding state withholding tax.

Forms

Contact Missouri Department of Revenue, Taxation Division