Central Michigan University

Tax Information

Your gifts to CMU are fully deductible for federal income tax purposes, subject to the limitations placed on charitable gifts. For residents of the state of Michigan, your gifts also qualify for a credit against your tax bill. These illustrations demonstrate potential tax savings, but please check with your financial advisor on how your gifts may affect your specific tax situation. Use our Giving Calculator to get a more detailed results.

Individual*

Amount of Gift	$100	$500	$1,000	$2,500
Federal Deduction	($25)	($125)	($250)	($675)
Credit from Michigan	($50)	($100)	($100)	($100)
Federal Tax on Credit	$13	$25	$25	$25
After Tax Cost of Gift	$38	$300	$650	$1,800

Married filing joint return*

Amount of Gift	$100	$500	$1,000	$2,500
Federal Deduction	($25)	($125)	($250)	($625)
Credit from Michigan	($50)	($200)	($200)	($200)
Federal Tax on Credit	$13	$50	$50	$50
After Tax Cost of Gift	$38	$225	$600	$1,725

Federal tax liability is adjusted for decreases in the Michigan Tax Deductions.

*Based on 25% tax bracket (Effective through 12-31-09)