Indiana Tax Credit
Indiana taxpayers may take a tax credit of 50 percent of their gift to IU Southeast. For a joint return, the maximum credit is $200, based on gift of $400 or more. For a single return, the maximum credit is $100 (based on a gift of $200 or more). The payment of tuition, fees, or room and board are not charitable contributions and do not qualify for this credit.
Federal Tax Deductions
Those who itemize deductions may deduct 100 percent of all charitable contributions subject to the general limitation of 50 percent of adjusted gross income. Consult your tax advisor for specific information.