Monetary donations provide donors with a Michigan income tax credit and Federal income tax deduction. Such funds are usually used to purchase books or special equipment needed to improve services. Your interests and desires will be taken into account when the decision is made by the library.
There are certain limits on the Michigan income tax credit. They are as follows:
1. The credit is limited to 50% of the contribution.
2. The credit cannot exceed 20% of the tax due. If you owe no Michigan tax, you get no credit.
3. The credit is limited to $100.00 for a single taxpayer and $200.00 on a joint return.
4. For corporations, the credit is limited to the same 50% of the contribution, but it cannot exceed 5% of the Michigan Single business tax due or $5,000.00, whichever is less.
Gifts must be made to the general fund of the library. Simply send your check payable to Pigeon District Library. A receipt will be issued for filing with your tax return for the current year.
Non-monetary donations are used to increase and improve our collections or are placed in our Used Book Sale. Simply bring your donation to the Circulation Desk and a staff member will assist you. If you desire a non-monetary donation receipt for income tax purposes, the staff member will get the form for you.
