Development: Tax Information
State of Indiana College Tax CreditIndiana taxpayers may take a tax credit of half (50%) of their gift to the College of Pharmacy. For a joint return, the maximum credit is $200 (based on a gift of $400 or more), and for a single return, the maximum credit is $100 (for a gift of $200 or more). The tax credit directly reduces the "bottom line" of your state income tax by reducing the amount you owe in taxes. All it takes is your gift to the College of Pharmacy and one simple form, the Indiana CC-40. Please obtain the Indiana CC-40 tax form and read the requirements and instructions. You may obtain the form online, by calling Purdue at (765) 494-7624, or by e-mailing gifts@purdue.edu. Federal Tax AdvantagesContributions to the College of Pharmacy are deductible as charitable contributions within the limits of the Internal Revenue Code. For information regarding Federal Tax Advantages visit the University Development Office (UDO) Tax Advantages page. |