Huntington University is a Christian liberal arts college in Indiana

Give Now 2tax advantages   

If you file a state income tax return for Indiana, the state will credit up to 50% of your gift to Indiana colleges and universities against any state income taxes due. Download the CC-40 Form and include it with your Indiana tax return.

Individual filers receive a $100 credit for the first $200 contributed; joint filers receive a $200 credit for the first $400 contributed. If you itemize, your contribution may also qualify as a deduction on your federal tax return.

Here is how it works: 

$200 Gift to Huntington University

 

Federal

 

State Savings

Tax %

Savings

Cost of Gift to HU

$100

15%

$30

$70

$100

25%

$50

$50

$100

28%

$56

$44

$100

33%

$66

$34

$100

35%

$70

$30

$100

39.6% $79.20 $20.80

$400 Gift to Huntington University

 

Federal

 

State Savings

Tax %

Savings

Cost of Gift to HU

$200

15%

$60

$140

$200

25%

$100

$100

$200

28%

$112

$88

$200

33%

$132

$68

$200

35%

$140

$60

$200

39.6% $158.40 $41.60
 

Consult your tax or financial advisor for how this strategy will fit into your giving plan.