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State of Indiana Tax Credit

Indiana taxpayers may take a tax credit of 50% of their gift to IU. The payment of tuition, fees, and room and board are not charitable contributions and do not qualify for this credit.

Maximum Credit

For a joint return, the maximum credit is $200, based on gift of $400 or more. For a single return, the maximum credit is $100, based on a gift of $200 or more.

Complete the Indiana CC-40

After you make your gift to IU, you’ll need to complete the Indiana CC-40 tax form. This form is for computing credit for contributions to colleges and universities located in Indiana. The schedule, or a statement showing the same information, must be attached to your income tax return. Attach the form to the Indiana income tax return for the tax year in which you made the gift.

Indiana University Foundation Tax and Legal Information

View information on the Indiana University Foundation’s tax-exempt status as a 501(c)(3) organization.