Does the State of Michigan provide tax incentives for donors?
The State of Michigan provides a special tax incentive to Michigan residents who make donations to Michigan colleges and universities. The below information is provided for example only. Rochester College representatives do not claim to be experts in the Michigan tax code and all information is subject to eligibility requirements for C-8000C Credit for Small Businesses. Please consult your tax consultant to determine eligibility. Michigan residents can claim a 50% tax credit for donations made to Rochester College. Those who file a Michigan joint return can claim up to $200, and those who file a Michigan individual return can claim up to $100. When a couple filing a joint return donates $400 or more to Rochester College, they reduce their total state tax liability by $200 with the tax credit. Michigan residents who own a small business and file a Michigan Single Business Tax Return may claim a 50% tax credit for donations made to Rochester College. The credit may not exceed the smaller
