Charitable Contribution Credits

*Information provided on this page is not tax advice. Please consult a tax professional regarding your specific tax situation.

How It Works

Business taxpayers may apply to receive a dollar-for-dollar tax credit for up to 50% of a taxpayer’s Mississippi State tax liability. For pass-through entities, each partner, member or shareholder may offset up to 50% of his/her individual Mississippi tax liability if the credit is sufficient.

You may only claim a tax credit for your charitable contribution on your Mississippi state tax return. You cannot claim both a deduction and a credit for the same charitable contribution on your Mississippi tax return. Tax credits may be carried forward for up to five years, reducing future tax liability.

Steps To Participate in 2024

  • The Department of Revenue will open the online application on January 2nd at 8 AM central time. Simply complete the requested information on their form. If you prefer, you may email our Chief Advancement Officer, Mr. Lane Beasley, and he can submit the application on your behalf.

  • Within thirty (30) days of receiving the form, the Mississippi Department of Revenue will respond to the application with an approval or denial letter.

  • If the Mississippi Department of Revenue approves an application, the taxpayer may make the contribution and send the verification of the contribution to the Mississippi Department of Revenue within sixty (60) days from the date the approval was granted.

  • If the contribution is not made within sixty (60) days, the tax credit allocation will be cancelled by the Mississippi Department of Revenue and those funds will be available for other applicants to utilize. Feel free to review this Frequently Asked Questions sheet we created to assist Business Owners as they consider participating in this important program.

Have Questions or Want More Information?

Our Chief Advancement Officer & Development Director have successfully assisted other donors to take advantage of this program. We would be happy to answer your questions! Please complete the form below and one of our team members will contact you soon.

*Information provided on this page is not tax advice. Please consult a tax professional regarding your specific tax situation.