Face-to-face classes and residential living happening on campus now! Learn More

Idaho Tax Credit

Idaho Tax Credit

Image
tax-banner
Image
tax-banner-mobile
Spacer component

Top Title
Idaho

Bottom Title
TAX CREDIT

Spacer component

All Idaho taxpayers are able to claim an income tax credit worth 50% of their gift to NNU.

Individuals may take up to 50% of a $1000 gift, married couples 50% of a $2000 gift, and Corporations up to 50 % of a $10,000 gift. In addition to the tax credit there are Federal and State Tax Savings when you itemize.
The tables below show examples of savings available through the expanded state program:
Individual Contribution
$500
$1,000
$2,000*
Federal Tax Savings
$125
$250
$500
Idaho State Tax Savings
$37
$74
$148
Idaho Tax Credit
$250
$500
$1,000
Actual Cost Of The Gift
$88
$176
$352
*Based upon a 25% tax bracket and joint filing in Idaho
 
Business Contribution
 
$10,000
Federal Tax Savings
$3,400
Idaho State Tax Savings
$740
Idaho Tax Credit
$5,000
Actual Cost Of The Gift
$860
NOTE: Certain limitations apply. Please note that your tax benefit is dependent on your personal income level and filing status. We urge you to consult your financial advisors to develop the best contribution plan for your personal circumstances. Thank you for your prayerful consideration in supporting NNU students! Make your gift to NNU today.
Image
tax-portrait
Image
tax-portrait-mobile