K-46: Friends of Cedar Crest Association Credit Schedule (Revision 2024-07)
Kansas · Kansas DOR · Used for tax years 2024, 2025
Kansas Schedule K-46 calculates the Friends of Cedar Crest Association credit for contributions made during the tax year. It reports contributions, your proportionate share, and the credit allowed against your Kansas income or privilege tax liability.
Who files this form
Use Schedule K-46 to calculate the Kansas income or privilege tax credit for contributions to the Friends of Cedar Crest Association.
The credit is available for taxable years beginning after December 31, 2020, and before January 1, 2026, which includes tax years beginning in 2024 and 2025. The schedule includes instructions for partners, shareholders and members of pass-through entities, as well as other taxpayers.
What you'll need
Have the following information ready to complete the schedule:
- Your taxable year's beginning and ending dates.
- Your name as shown on your return and your Social Security number or EIN.
- If you are a partner, shareholder or member, the partnership, S corporation, LLC or LLP name and EIN.
- Your total contributions to the Friends of Cedar Crest Association during the tax year.
- Your proportionate share percentage, if you are claiming through a pass-through entity.
- Your Kansas tax liability after all credits other than this credit.
The text does not list specific supporting documents to submit.
How to file
Complete the identifying information at the top of Schedule K-46, then calculate the credit:
- Enter total contributions for the tax year on line 1.
- Enter your proportionate share percentage on line 2. Taxpayers other than partners, shareholders or members of pass-through entities enter 100%.
- Multiply line 1 by line 2 to complete line 3.
- Multiply line 3 by the 50% credit percentage on line 4, and enter the result on line 5.
- Enter your Kansas tax liability after other credits on line 6.
- Enter the smaller of lines 5 and 6 on line 7. Transfer that amount to the appropriate line of Form K-40, K-41, K-120 or K-130.
The schedule is marked “Attach.” The text does not provide an e-file method or a filing mailing address. The address printed on the schedule is for taxpayer assistance.
Common mistakes
- Do not claim more than your Kansas income or privilege tax liability remaining after other allowable credits.
- Do not carry unused credit forward. A carryover of credit exceeding your tax liability is not allowed.
- Claim the credit for the taxable year in which you made the contributions.
- Observe the annual taxpayer limits: $25,000 for taxpayers subject to the resident individual income tax, or $50,000 for taxpayers subject to the corporate income tax or financial institution privilege tax.
Questions people ask
How much is the credit?
The credit is 50% of contributions made during the taxable year, subject to the stated limits and your remaining Kansas tax liability.
What percentage should I enter on line 2?
Partners, shareholders and members of pass-through entities enter their proportionate share in the entity. All other taxpayers enter 100%.
Is there an overall limit on credits claimed?
Yes. The aggregate amount of credits claimed cannot exceed $350,000 for any fiscal year.
Where can I get help or another copy of the schedule?
Contact the Kansas Department of Revenue's Taxpayer Assistance Center at 785-368-8222. Additional copies of the schedule and other tax forms are available at ksrevenue.gov.