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Michigan Community Foundations Credit

Article ID: 34338  

Question
Michigan Community Foundations Credit

Answer

MICHIGAN COMMUNITY FOUNDATION TAX CREDIT EXPIREd AT END OF 2011

 

A partial income tax credit can be claimed when you donate to an endowment fund of one of the certified community foundations or component funds listed on page 48.

Enter the code number in the box on line 3. For individuals who contributed to more than one community foundation, enter the number of one foundation and attach a list indicating the others. You must enter a valid code to receive credit.

Enter the credit which is the smaller of:

  • 50 percent of the contribution reported on line 3a, or
  • $100 ($200 for a joint return).

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Views: 882 Created on: Jun 15, 2013