Children’s Promise Act 2024 Tax Credit for Individuals

 

The Baptist Children’s Village

Children’s Promise Act 2024 Tax Credit for Individuals

 

Here are the steps involved for 2024 if applying for an individual tax credit:

 

1.  Go to the MS DOR website - tap.dor.ms.gov -or click here to access the application by clicking the “Apply for a Charitable Contribution Credit” link under the Apply Online box.

 

2.  Once you submit your online application, the MS DOR will send you a letter letting you know whether or not your application has been approved, usually within 10 days.   If approved, your approval letter will provide you with a confirmation number and a letter ID number.  These numbers are very important to keep for your tax records.  Please keep these numbers in a safe place.

 

3.  Make your donation to The Baptist Children’s Village.

 

4.  The BCV will mail you a receipt letter if you gift by mail or email you a receipt letter if you gift online. This receipt letter will serve as your proof of donation to the MS DOR. 

 

5. Once you receive your receipt letter whether by mail or email from The Baptist Children’s Village, you need to submit it to the MS DOR.  This receipt letter will serve as your proof of donation. Go to the MS DOR's website - tap.dor.ms.gov - or click here, and upload it by clicking Upload Documents and then Upload Requested Documentation.  You will need your letter ID number for this.  You may also simply mail your BCV receipt letter (proof of donation) to the MS Department of Revenue, P.O. Box 22828, Jackson, MS 39225.  You may also call us for assistance.  Dial 601.922.2242 and simply ask for help with a tax credit gift.

 

 

6.  Always talk to your tax advisor before making any decisions regarding your tax liability.  Please let your tax advisor know you are interested in taking advantage of the tax credit allowed by the Children’s Promise Act Eligible Transitional Home Organization Act §27-7-22.39 of the Mississippi Code Annotated.

 

 7.  IMPORTANT!  If you have already given a donation this year to The Baptist Children’s Village and would like to receive a tax credit, simply follow steps “1”, “2” & “5”.

 

If you have any questions, please contact Tim McWilliams, BCV Director of Partner Ministries, at 601.952.2422 or tmcwilliams@bcvms.com.