Schedule K-43 Kansas Eisenhower Foundation Credit - Kansas

What Is Schedule K-43?

This is a legal form that was released by the Kansas Department of Revenue - a government authority operating within Kansas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule K-43?A: Schedule K-43 is a tax form used in Kansas to claim the Eisenhower Foundation Credit.

Q: What is the Eisenhower Foundation Credit?A: The Eisenhower Foundation Credit is a tax credit available to individuals or corporations in Kansas that contribute to the Dwight D. Eisenhower Foundation.

Q: Who can claim the Eisenhower Foundation Credit?A: Individuals and corporations in Kansas who make qualifying contributions to the Dwight D. Eisenhower Foundation can claim the credit.

Q: What is the purpose of the Eisenhower Foundation?A: The Dwight D. Eisenhower Foundation is a nonprofit organization dedicated to preserving and promoting the legacy of President Dwight D. Eisenhower.

Q: How much is the Eisenhower Foundation Credit?A: The amount of the credit is 18% of the eligible contribution made by an individual or corporation.

Q: What is the maximum credit amount?A: The maximum credit amount for individuals is $1,000, while corporations can claim up to $50,000.

Q: What is considered an eligible contribution?A: An eligible contribution includes cash, securities, or real property donated to the Dwight D. Eisenhower Foundation.

Q: How do I claim the Eisenhower Foundation Credit?A: To claim the credit, you need to complete and attach Schedule K-43 to your Kansas tax return, along with any required documentation.

Q: Is the Eisenhower Foundation Credit refundable?A: No, the credit is nonrefundable. It can only be used to offset your Kansas state tax liability.

Q: Are there any restrictions or limitations on the credit?A: Yes, there are limitations on the credit based on your Kansas tax liability and the total amount of available credits for the tax year.