Enjoy Tax Savings

As you consider your charitable gifts between now and the end of the year, remember that gifts made now can generate income tax deductions that could help reduce your income tax bill. The amount you save depends on tax rates and the portion of your gifts you are allowed to deduct.

Only gifts made by December 31 can help reduce the amount of taxes you will owe next April.

Timing of Gifts

To receive tax benefits, the timing of your gift is critical and varies depending on what you give and how you give it.

Checks: The date your check is postmarked when mailed to the College will be reflected on your receipt.

Credit Cards: Please make your donation online at http://www.mhcc.edu/foundation to ensure timely processing of your gift. For credit cards the date your payment is processed is considered the date of the donation, and will be reflected on your receipt. If mailing a credit card donation in December, please allow ample mail time.

To determine the tax consequences of your gift, please consult your tax advisor.

Deciding What to Give

There are many ways to support the MHCC Foundation financially, whether through gifts of cash, gifts of securities, or gifts of life insurance.

Questions? Contact judi.charman@mhcc.edu.