CHANGING LIVES THROUGH EDUCATION AND THE POWER OF THE GOSPEL THROUGH THE

Re-direct up to 50% of your tax dollars to The Redeemer’s School and get a DOLLAR-FOR-DOLLAR CREDIT from the State.

WHAT IS IT?

Mississippi law allows businesses to donate would-be tax dollars directly to the Eligible Educational Services Charitable Organizations (ESCO). The business can donate up to 50% of their state tax liability and receive a TAX CREDIT, not just a deduction.

WHY SHOULD I PARTICIPATE?

If your business owes $10,000 to the state in taxes, you can choose to pay the whole amount to Mississippi or allocate a portion to The Redeemer’s School. The state will give you FULL CREDIT. It costs you nothing to give and does not change your bottom line. It’s a win/win.

WHAT DO I NEED TO KNOW?

Don’t wait! This is a highly competitive program. This program opperates on a first-come, first-serve basis that begins at 8 AM on January 2nd. The program has two limitations: there is a statewide cap and a per institution cap. The cap for the entire state was reached in the first minute of 2022.

HOW DO I APPLY?

STEP 1 Visit with your CPA about the program. More information can be found at MSDOR at https://tap.dor.ms.gov

STEP 2 Apply and Submit to the MSDOR at Thursday, January 2, 2025, at 8:00 AM Central

STEP 3 Donate to The Redeemer’s School from the qualified business account within 60 days of receiving MSDOR’s letter.

HOW CAN I FIND OUT MORE INFORMATION ?

We are happy to help in any way. Please call or email Amberly Collins at 601.946.3713 or acollins@wearetrs.org.
Visit MSDOR at http://tap.dor.ms.gov.

Things To Note

  • 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.

  • 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.