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Indiana Tax Credit
Indiana residents contributing to IU Northwest through the IU Foundation
qualify for the Indiana tax credit. For a couple filing jointly, a $400
contribution reduces their Indiana tax liability by $200. For an individual
return, a $200 membership 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 adjusted
gross income. Consult your tax advisor for specific information.
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