Michigan Tax Credit

The Michigan Community Foundation Tax Credit is a non-refundable tax credit which allows you to deduct up to 50% of your gift to a Community Foundation from your Michigan Income Tax.

• Your gift must be to a permanently endowed fund.
  
  
• The maximum credit is $100 for a $200 donation if you file as single.
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  The maximum credit is $200 for a $400 donation if married filing jointly.
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  For a resident estate or trust, the credit is the lesser of 10% of the taxpayer's tax liability for the tax year before claiming any credits allowed by the Income Tax Act or $5,000 for a $10,000 gift.
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  For single business taxpayers the lesser of 5% of the taxpayer's liability for the tax year before claiming any credits allowed by the Single Business Tax Act or $5,000 for a $10,000 gift.

  
  Of course, if you give less than the maximum, your credit will be 50% of your gift.