Idaho Tax Credit

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.