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What is the process to use YOP tax credits on the donors tax return?

April 26, 2017donor process tax credits tax return yop

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What is the process to use YOP tax credits on the donors tax return?

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A. The donor makes a contribution to an approved YOP project, submits Form CDTC-770 with the required documentation, and receives a certification from the Department of Economic Development. The taxpayer may then file their tax return at the end of their tax year, using the MO-TC form. The tax credits are applied to their total tax liability incurred for that tax period.