Alumni and friends who file an Indiana state income tax return are eligible for a tax credit. The State of Indiana will credit up to 50% of a donor's gift to Wabash against their state income taxes. Individual filers receive a $100 credit for the first $200 contributed to Wabash, while joint filers receive a $200 credit for the first $400 contributed to the College.
Example
Tax filing status | Married | Single |
---|---|---|
Gift to Wabash | $400 | $200 |
Indiana Tax Credit | ($200) | ($100) |
Out of pocket cost | $200 | $100 |
Indiana residents who file an Indiana state income tax return can download the 2024 CC-40 Tax Form here.