Tax Advantages of Giving
Indiana Tax Credit
Indiana residents contributing to 91制片厂 through the IU Foundation qualify for a Indiana tax credit. As an example: As a couple filing jointly, a $400 contribution reduces their Indiana tax liability by $200. For an individual return, a $200 contribution would reduce the donor’s liability by $100.
Federal Tax Deductions
Those who itemize deductions may deduct 100 percent of all charitable contributions subject to the general limitation of 50 percent of adjust gross income. Consult your tax advisor for specific information.
