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Home » Donate » MI Tax Credit
MI Tax Credit
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Michigan Tax Credit: |
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Becoming a financial partner with Smile FM is a really great investment! Your donation is tax deductible. After tax credits, it may only cost the average married couple $56 out-of-pocket to make a $400 contribution to Smile FM. Businesses can see even greater tax savings!
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| The Michigan Tax Credit is an amazing benefit available for only a few non-profit organizations in Michigan. Smile FM is a Public Broadcasting Station, when you complete your Michigan Tax Return, be sure to list your donations to Smile FM as donations to a Public Broadcast Station. |
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Single
Taxpayer |
Married
Taxpayer |
Business |
| ACTUAL GIFT |
$200 |
$400 |
$10,000 |
| Michigan Tax Credit |
$100 |
$200 |
$5,000 |
| Federal Tax Rate |
15% |
36% |
34%* |
| Federal Tax Savings |
$30 |
$144 |
$1,700* |
| Total Tax Savings |
$130 |
$344 |
$6,700 |
| ACTUAL COST OF GIFT |
$70 |
$56 |
$3,300 |
You can make a safe, secure credit card donation. You can also make a pledge online or mail your check to Smile FM, PO Box 388, Williamston, MI 48895.
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