giving
400 Club Tax Benefits
In addition to rewarding an exceptional student or helping a student in financial need, Indiana residents will qualify for the Indiana Tax Credit. Your donation may also qualify as a charitable donation on your Federal Income Tax. Contact your tax advisor.
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The credit is available even if you are a taxpayer who does not itemize deductions on the federal return.
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The tax credit directly reduces the "bottom line" of the state income tax return, either decreasing the amount owed or increasing the refund.
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For a joint return, the maximum credit is $200 (based on a gift of $400 or more); for a single return, the maximum credit is $100 (for a gift of $200 or more).
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Other rules apply, so read the CC-40 instructions carefully or consult your tax advisor.
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The CC-40 tax form is available at locations that stock other Indiana tax forms. Also, you may download the form on the internet at www.in.gov/dor/3489.htm or call Purdue at (765) 494-7624 to request a CC-40 form.
contact info:
College of Technology — Kokomo
2300 S. Washington St.
P.O. Box 9003
Kokomo, IN 46904-9003
Phone: (765) 455-9339
e-mail: techkokomo@purdue.edu