Staff
Mike Oakes
Executive Director
(231) 845-0326
Home 
Give Michigan Tax Credit
Michigan Tax Credit
What is the tax credit all about?
An exciting opportunity awaits you as a result of the Michigan Income Tax legislation.
Taxpayers can generate a total contribution to the Community Foundation for Mason County worth more than three times the actual out-of-pocket cost! This astonishing effect is created via the Michigan Tax Credit for Community Foundations.
Here's the way it works for both individuals and corporations.
The law permits a taxpayer to reduce Michigan Income Tax or Single Business Tax liability by a credit of 50% of the amount contributed to a community foundation, subject to a maximum credit of:
- $100 for an individual filing singly
(based on a $200 contribution)
- $200 for a married couple fling jointly
(for a $400 contribution)
- $5,000 or 10% of tax liability before claiming any credits, whichever is less, for a resident estate or trust
(for a $10,000 contribution)
- $5,000 or 5% of tax liability before claiming any credits, whichever is less, for taxpayers filing Michigan Single Business Tax returns
(for a $10,000 contribution)
Click here for examples of what a gift to the Community Foundation for Mason County might actually cost you under this provision of the Michigan tax code.
