​​​​​​​​​​​​ Gifts to Central Michigan University qualify as charitable contributions to higher education. The federal government permits a deduction for individuals who itemize on tax returns allows a tax credit to residents and corporations.

The Office of Development & External Relations cannot accept gifts intended to benefit specific individuals. You may provide financial assistance for a specific student by contacting the Office of Scholarships and Financial Aid, Warriner Hall 201. These contributions, however, cannot be acknowledged by the Office of Development & Ext​​ernal Relations and are not eligible for a deduction or credit on your tax returns. For specific information on tax benefits, please consult your financial adviser.

Federal Giving Calculator

Simply enter the amount you'd like to give and your federal tax bracket (see chart). The calculator will display the net cost of the donation and the tax savings. You may be surprised to learn that you can afford to be even more generous than you thought.​

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Donation: Tax Rate %: Net Cost of Donation Tax Savings
$ x =

2017 Federal Income Tax Brackets

Taxable Income

Marginal Tax Rate Single Married Filing Jointly Head of Household
10% $0 to $9,325 $0 to $18,650 $0 to $13,350
15% $9,325 to $37,950 $18,650 to $75,900 $13,350 to $50,800
25% $37,950 to $91,900 $75,900 to $153,100 $50,800 to $131,200
28% $91,900 to $191,650 $153,100 to $233,350 $131,200 to $212,500
33% $191,650 to $416,700 $233,350 to $416,700 $212,500 to $416,700
35% $416,700 to $418,400 $416,700 to $470,700 $416,700 to $444,500
39.6% $418,400 + $470,700 + $444,550+

Keep in mind that you must itemize your deductions in order to gain a tax benefit. Make sure that when itemized, your total deductions are greater than your standard deduction. If they're not, stick with the standard deduction. For 2016, the basic standard deductions are:

  • Head of household - $9,350
  • Married taxpayers filing jointly and qualifying widow(er)s - $12,700
  • Married taxpayers filing separately - $6,350
  • Single = $6,350

*Your standard deduction may be increased if you are age 65 or older or blind.

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