Both federal and Idaho law currently allow a deduction for contributions made to the Boise State University Foundation. Idaho also allows a tax-credit equal to one-half of your contribution up to a maximum credit of $100.Thus your gift to Boise State, made through the Foundation, could nearly pay for itself! Below are examples of how a contribution to the University would affect your taxes:

The above figures reflect the 2003 tax rates for the $28,400 - $68,800 taxable income brackets (the 25% tax bracket), and assumes the taxpayer itemizes his or her personal deductions. Please check with your tax advisor for your specific information.

The above figures reflect the 2003 tax rates for the $56,800 - $114,650 taxable income brackets (the 25% tax bracket), and assumes the taxpayer itemizes his or her personal deductions. Please check with your tax advisor for your specific information.

In addition, Idaho taxpayers are entitled to claim a tax-credit for such donations whether or not they itemize. For a single taxpayer (or married filing separately), a 50% credit is allowed for donations up to $100; for joint tax returns, the 50% credit may be applied to donations up to $200. Idaho corporations may claim a credit of 50% of their contribution to educational institutions in the state up to a limit of $1,000 or 10% of their annual state liability, whichever is less.

The above information serves as an example and may vary according to individual circumstances. Please consult your tax advisor about your individual circumstances.