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