As you begin considering year-end planning, you might also consider the MoScholars tax credit opportunity. If you donate to a certified Educational Assistance Organization (EAO), you can receive a MOScholars tax credit equal to 100% of the donation (not to exceed 50% of your state tax liability for the tax year the credit is claimed).
EAOs are nonprofits that have been approved by the Missouri State Treasurer’s Office to establish and maintain relationships with eligible schools to create a network of schools that students can use scholarship funds to attend. You can use this link to learn more about the MoScholars credit if you are interested and this link to view the Missouri State Treasurer’s official list of EAOs.