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	15% Federal Tax Rate	28% Federal Tax Rate
Tax filing status	Married       Single	Married       Single
Gift to Wabash	$400           $200	$400           $200
Indiana Tax Credit	($200)         ($100)	($200)         ($100)
Federal Tax Savings	($60)           ($30)	($112)         ($56)
Out of pocket cost	$140           $70	$88             $44

Indiana residents who file an Indiana state income tax return can download the 2007 CC-40 Tax Form here.