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 2023 CC-40 Tax Form here.