Tax Benefits for Hoosiers

Qualify for the Indiana CC-40 tax credit by making a gift to Saint Mary-of-the-Woods College before December 31st!

Indiana taxpayers may take a tax credit of half (50%) of their gift to SMWC. For a joint return, the maximum credit is $200 based on a gift of $400 or more. And for a single return, the maximum credit is $100 based on a gift of $200 or more. The tax credit directly reduces the “bottom line” of your state income tax by reducing the amount you owe in taxes.

For corporations, the amount of a corporation's credit is equal to fifty percent (50%) of the total amount given during the tax year. However, the credit may not exceed the lesser of: a) ten percent (10%) of the corporation's adjusted gross income tax liability, or b) the amount of $1,000.

Make your gift today!

Saint Mary-of-the-Woods College
Office of Advancement
PO Box 70
Saint Mary-of-the-Woods, IN 47876

To obtain a CC-40 tax form:

  • Pick one up from your public library or local IRS office
  • Or, contact SMWC Office of Advancement at (888) 769-0013 or email advancement(at)smwc.edu and we'll happily mail the form to you.

More Information

For further information about this credit, contact:

Indiana Department of Revenue
Taxpayer Services Division
100 N. Senate Avenue IGCN 105
Indianapolis, IN 46204-2253

Telephone: (317) 232-2240