Reasons to Give - Tax Advantages
A contribution to the SVSU FOUNDATION provides generous tax benefits:
- Federal tax deductions based on your income tax bracket.
- A tax credit on your Michigan income tax return of 50% of the total year's contribution, not to exceed $200 (or the Michigan tax liability).
Example:
Married couple filing a joint return in the 25% tax bracket:
Please consult your tax professional to determine your personal eligibility for deductions.