Anderson, Indiana

Indiana State Tax Credit

Fri, 2012-04-27 00:12 -- batch_migrate

Give to Anderson University







Indiana State Tax Credit

The Indiana State Tax Credit - A Special Opportunity for Indiana Residents

In addition to receiving the Federal Tax Savings, residents of Indiana have the added bonus of being able to receive a special tax credit for their gifts to Anderson University.

The State of Indiana offers a special tax credit to taxpayers who support accredited Indiana colleges and universities. When you make a gift to Anderson University, 50% of the amount of your gift comes back to you in the form of savings on your Indiana State Income Tax - up to a maximum savings of $200 for couples and $100 for singles.

If you itemize for federal income tax purposes, you will save even more. In fact, your after tax cost for a gift to Anderson University could be as little as 10.4 cents for each dollar given. The charts below show examples of tax savings.


$200 Gift by Single Taxpayer
Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor
15% $200 $100 $30 $70
25% $200 $100 $50 $50
28% $200 $100 $56 $44
33% $200 $100 $66 $34
35% $200 $100 $70 $30


$400 Gift by Married Couples Filing Jointly
Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor
15% $400 $200 $60 $140
25% $400 $200 $100 $100
28% $400 $200 $112 $88
33% $400 $200 $132 $68
35% $400 $200 $140 $60


$500 Gift by Married Couples Filing Jointly
Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor
15% $500 $200 $75 $225
25% $500 $200 $125 $175
28% $500 $200 $140 $160
33% $500 $200 $165 $135
35% $500 $200 $175 $125


$1000 Gift by Married Couples Filing Jointly
Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor
15% $1000 $200 $150 $650
25% $1000 $200 $250 $550
28% $1000 $200 $280 $520
33% $1000 $200 $330 $470
35% $1000 $200 $350 $450