New tax law offers tax credits to businesses that contribute to private education in North Dakota
Businesses in ND can take a 50% tax credit for contributions to private education. The credit is available to partnerships and corporations (both S & C corps, LLC & LLP). A contribution of $5,000 can result in a tax deduction for state and federal purposes, plus a 50% tax credit on the North Dakota tax return. The credit is limited to the lesser of $2500 or 20% of the tax.
A $5,000 gift to Light of Christ Catholic Schools could save you $4,000 or more in taxes.
Check with your tax advisor or call Tim McCaffrey in the Office of Mission Advancement.