Tax Benefits

Indiana residents can earn a 50 percent state tax credit on a gift to Butler University. 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 (Schedule CC-40) to take advantage of this tax credit.

Guidelines and Points of Interest

There is a 50 percent tax credit on gifts up to a total of $200 for single filers.

There is a 50 percent tax credit on gifts up to a total of $400 for joint filers.

The federal tax benefit is applicable to those who itemize deductions.