MO-CFC: Champion for Children Tax Credit Claim (2024)
Missouri · Missouri DOR · Used for tax years 2024
Missouri Form MO-CFC is used to claim the Champion for Children Tax Credit for contributions to qualified agencies. It reports contribution amounts and dates and calculates a credit equal to 50% of qualifying contributions, subject to available funding.
Who files this form
Individuals and corporations may claim this credit if they have income tax due under Chapter 143, RSMo, excluding withholding taxes, and contribute to a qualified agency determined by the Department of Social Services.
The minimum contribution is $100. Qualified agency types are:
- CASA (Court Appointed Special Advocate)
- Child Advocacy Centers
- Crisis Care Centers
To claim the credit, attach Form MO-CFC or contribution verification from the qualifying agency to your income tax return, along with a completed Form MO-TC.
When it's due
The 2024 tax-year form states that returns claiming this credit must be filed between July 1 and April 15 of each fiscal year. It does not print calendar-year-specific filing dates for the 2024 tax year.
What you'll need
To claim the credit, include:
- Your income tax return.
- A completed Form MO-TC, Miscellaneous Income Tax Credits.
- Form MO-CFC or a copy of the contribution verification provided by the qualifying agency.
If using Form MO-CFC, it includes contribution dates and amounts, the tax credit calculation, and signature lines for the taxpayer, spouse if applicable, and qualified agency director. Attach a separate sheet for additional contributions if needed, and include all contributions in the total.
The form also states that you are not required to provide information protected by Section 105.1500, RSMo, that identifies a person as a member, supporter, volunteer, or donor of a federally tax-exempt Section 501(c) entity.
How to file
Complete Form MO-CFC, rounding contribution and credit amounts to the nearest dollar. Include additional contributions on page 2 or a separate sheet if needed, and complete the applicable signature lines.
Attach Form MO-CFC or the qualifying agency's contribution verification to your income tax return with a completed Form MO-TC.
The form lists this mailing address:
Taxation Division
Income Tax
P.O. Box 27
Jefferson City, MO 65105-0027
No e-file instructions are provided in the supplied text.
Common mistakes
- Leaving out required attachments. Include Form MO-CFC or qualifying agency contribution verification, plus completed Form MO-TC, with your income tax return.
- Leaving extra contributions out of the total. If you attach a separate sheet, include those contributions in the total on the form.
- Assuming the full credit is guaranteed. Credits are subject to available funding and may be reduced if claims exceed available funds.
- Missing a payment after a funding-related reduction. To avoid penalty and interest in this situation, pay the balance or make approved payment arrangements within sixty days of notification. The instructions warn that an unpaid remaining balance, including interest and penalties, becomes due if the balance is not paid within sixty days.
Questions people ask
How much is the credit?
The credit is 50% of a contribution to a qualified agency. The minimum contribution is $100, and the credit is subject to available funding.
Can I get a refund for credit that exceeds my tax due?
No. The credit is not refundable. Unused credit may be carried forward to the next four subsequent years, for no more than five years total.
Can I transfer or sell the credit?
No. The credit may not be assigned, transferred, or sold.
Which taxes can the credit reduce?
It may be applied to individual income tax, corporation income tax, or another tax incurred under Chapter 143, RSMo, excluding state withholding tax.
Where can I ask questions about the credit?
Call (573) 751-3220, email taxcredit@dor.mo.gov, or visit https://dor.mo.gov/tax-credits/cfc.html.