Claim Your 75% Kansas Entrepreneurship Income Tax Credit While Supporting Area Entrepreneurs

Most people don't enjoy paying their Kansas income taxes each year. However, many prefer the idea of directing a portion of their tax payments to support entrepreneurs and small business owners instead of sending it into the state's general fund. Below is a message we've been sharing with our network. If you're interested in learning how to redirect some of your Kansas income tax payments to entrepreneurship support, please contact Jim Correll at 620-252-5349 or jimc@ibrcenter.org.

Unlock 75% Kansas Entrepreneurship Income Tax Credits for 2024

75% of your donation qualifies as a direct credit against your Kansas income tax liability for the 2024 tax year. Additionally, your donation may be eligible as a charitable deduction on your federal and state returns.*

I have a limited allocation of the highly sought-after Network Kansas Entrepreneurship tax credits available in exchange for donations ranging from $250 to $133,333.

Important Deadlines: The deadline for donations is November 1. However, in previous years, additional credits have become available at the last minute. Since many people may not have completed their tax planning by November 1, we suggest a two-step process to make the most of these valuable credits:

1. Initial Estimate by November 1:
   Provide a non-binding estimate of the amount of tax credits you might want. I will earmark that amount for you and work with you to complete the donation by November 1.

2. Waiting List for Additional Credits:
   Indicate the amount you might be interested in if additional tax credits become available after November 1. These will be offered on a first-come, first-served basis.

Your donation through the Kansas Entrepreneurship Tax Credits helps support entrepreneurs and small business owners across the state. As the Montgomery County Point of Contact for the Network Kansas E-Community initiative, we can offer these credits in our area, ensuring that 30% of your donation returns to Montgomery County to assist our local entrepreneurs.

*Please consult your tax advisor regarding eligibility as a charitable contribution.

Click here to review/download the Network Kansas flyer.

Remember, if you coordinate your donation through Jim Correll (620-252-5349 or jimc@ibrcenter.org), 30% of your contribution will benefit Montgomery County.