Contributions of this nature can provide substantial tax advantages. Most matching companies match its employee s gift either 1 for 1 or 2 for 1. Check with your personnel office to determine if your employer is a matching gift company. All contributors may receive a federal income tax deduction if they itemize their return. Michigan residents receive the benefit of the Michigan Tax Credit that allows a portion of contributions to be credited against state income tax.
Taxpayer remains in same tax bracket in the year following the gift year.
Contributor takes no benefits from the club as a result of the gift. Taxpayer does not exceed the maximum allowed credit under Michigan Tax. The primary benefit of your affinity club membership is knowing you assisted many NMU students realize their personal educational, artistic and athletic goals. There are also some tangible benefits you may receive as a result of membership. Consult the information listed below for levels of membership and market value.