Wonderful News Radio - 90.7 FM WNFR

Tax Savings

Your donation to Wonderful News Radio may provide you some tax savings and you can now donate with your Mastercard or VISA!

Both the state and federal governments encourage your gifts by providing tax savings that substantially reduce your actual out-of-pocket costs of a gift to this radio station. Here is how it works:

In Michigan, you may claim a tax credit equaling 50% of your gift as long as the credit does not exceed $100, or if a husband and wife file jointly, they may claim up to a $200 credit. In addition, your whole contribution is deductible for federal income tax purposes.

The following table illustrates what the actual out-of-pocket cost of a contribution to WNFA/WNFR might be. (These figures are an example. You should consult your tax advisor for application to your personal situation.)

Corporation Tax Credit: The State of Michigan allows corporations to claim a tax credit on their single business tax return for gifts to Wonderful News Radio. Under the law, corporations are entitled to a credit equal to 50% of the contribution, 5% of the tax liability, or $5,000, whichever is less. There is also a federal tax deduction provided total contributions for the year do not exceed 10% of taxable income.

For more information, please phone or write:
Wonderful News Radio
2865 Maywood Drive
Port Huron, MI 48060
1-800-989-9637

©2008 Wonderful News Radio, Inc. All Rights Reserved.