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Rose-Hulman is a non-profit
institution of higher
education, and classified by
the Internal Revenue Service
as a 501 (c)3 organization.
Charitable contributions may
be deducted from itemized
federal tax returns.
(Download IRS form 8283 and
instructions on how to file
form 8283 here
Form 8283 in pdf format
and
Form 8283 Instructions)
For more information about
tax advantages or forms,
please contact the
Office of Planned Giving
at 812-877-8453.
Can’t find your
receipt?
If you made a charitable
contribution to Rose-Hulman,
but do not have a receipt
for tax purposes, please
contact the
Office of Development at
812-877-8360.
Indiana College Credit
Indiana residents can earn a
50 percent state tax credit
on a gift to Rose-Hulman
Institute of Technology.
Gifts up to $200 for single
filers and $400 for joint
filers are eligible for the
tax credit. Use the Indiana
College Credit tax form
(CC40) to take advantage of
this tax credit. (Download
the
CC-40 Form in pdf
format.)
|
single return w/
adjusted gross
income |
Federal tax
bracket |
Gift to
RHIT |
Indiana state
tax credit |
Federal tax
benefit |
After tax cost
of gift |
|
Less than $6,000 |
10% |
$200 |
$100 |
$20 |
$80 |
|
$6,000 - 28,400 |
15% |
$200 |
$100 |
$30 |
$70 |
|
$28,400 - 68,800 |
25% |
$200 |
$100 |
$50 |
$50 |
|
$$68,800 -
143,500 |
28% |
$200 |
$100 |
$56 |
$44 |
|
$143,500 -
$311,950 |
33% |
$200 |
$100 |
$66 |
$34 |
|
$311,950 + |
35% |
$200 |
$100 |
$70 |
$30 |
|
Filing a joint
return w/
adjusted gross
income |
Federal tax
bracket |
Gift to RHIT |
Indiana state
tax credit |
Federal tax
benefit |
After tax cost
of gift |
|
Less than
$12,000 |
10% |
$400 |
$200 |
$40 |
$160 |
|
$12,000 - 47,450 |
15% |
$400 |
$200 |
$60 |
$140 |
|
$47,450 -
114,650 |
25% |
$400 |
$200 |
$100 |
$100 |
|
$114,650 -
174,700 |
28% |
$400 |
$200 |
$112 |
$88 |
|
$174,700 -
311,950 |
33% |
$400 |
$200 |
$132 |
$68 |
|
$311,950 + |
35% |
$400 |
$200 |
$140 |
$60 |
This table is based on 2004
Tax Rates.
The state of Indiana gives
residents a 50 percent tax
credit on gifts up to a
total of $200 for single
filers and on gifts up to a
total of $400 for joint
filers. Individual tax
situations vary; please
consult your personal tax
adviser.
Please contact the
Office of Annual Giving
for additional
information about tax
benefits.
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