Calculate the tax savings from your gift to Purdue University Calumet

In fact, Indiana residents can earn a 50 percent state tax credit on a gift to Purdue University Calumet! Gifts up to $200 for single filers and $400 for joint filers are eligible for the tax credit. Use the Indiana College Credit tax form (CC40) to take advantage of this tax credit.

Giving is easy, too! Click here to learn how you can make a gift to Purdue Calumet. Enter your amount in the tax calculator below to determine your tax credit.

Amount of Gift:	$
Resident of Indiana:		Y N
Note: Illustration is based on 2009 Tax Rates.			You will be directed to a West Lafayette website. Please specify "Calumet campus." You do not need to register.

Filing a single return

Adjusted Gross Income	Federal tax bracket	* State tax credit	** Federal tax benefit	*** after tax cost of gift
Less than $8,025	10%
$8,025 - $32,550	15%
$32,550 - $78,850	25%
$78,850 - $164,550	28%
$164,550 - $357,700	33%
Over $357,700	35%

Filing a joint return

Adjusted Gross Income	Federal tax bracket	* State tax credit	** Federal tax benefit	*** after tax cost of gift
Less than $16,050	10%
$16,050 - $65,100	15%
$65,100 - $131,450	25%
$131,450 - $200,300	28%
$200,300 - $357,700	33%
Over $349,700	35%

Please contact Mary Jane Dopp (219-989-2314) in Advancement for additional information on tax benefits.

*The state of Indiana gives residents a 50 percent tax credit on gifts up to a total of $200 for single filers and on gifts up to a total of $400 for joint filers. The state of Indiana gives residents a $100 tax credit on gifts over a total of $200 for single filers and a $200 tax credit on gifts over a total of $400 for joint filers.

**Applicable for those who itemize deductions. Please note that this schedule does not reflect the effect of the phaseout of itemized deductions for high income tax payers.

***This schedule is provided to illustrate potential tax savings. Individual tax situations vary; please consult your personal tax adviser.