K-43: Eisenhower Foundation Credit Schedule (Revision 2024-07)
Kansas · Kansas DOR · Used for tax years 2024, 2025, 2026
Kansas Schedule K-43 calculates the Eisenhower Foundation credit for contributions made during the tax year. It reports contributions, your proportionate share, and the credit allowed against your Kansas income or privilege tax liability.
Who files this form
Schedule K-43 is used to claim the Kansas income or privilege tax credit for contributions to the Eisenhower Foundation.
The credit is available for taxable years beginning after December 31, 2020, and before January 1, 2026. This includes taxable years beginning in 2024 and 2025, but not those beginning in 2026.
Partners, shareholders, and members of pass-through entities use their proportionate share of the contributions to calculate the credit.
What you'll need
Have the following information ready to complete K-43:
- Your taxable year's beginning and ending dates.
- Your name as shown on your return and your Social Security number or EIN.
- If you are a partner, shareholder, or member, the partnership, S corporation, LLC, or LLP's name and EIN, plus your proportionate share percentage.
- Total contributions made to the Eisenhower Foundation during the tax year.
- Your Kansas tax liability after all credits other than this credit.
The text does not list any required supporting documents.
How to file
Complete the requested information at the top of Schedule K-43, then calculate your credit:
- Enter the total contributions for the tax year on line 1.
- Enter your proportionate share percentage on line 2. Taxpayers who are not partners, shareholders, or members of pass-through entities enter 100%.
- Multiply line 1 by line 2 and enter the result on line 3.
- Use the 50% credit percentage on line 4.
- Multiply line 3 by line 4 and enter the result on line 5.
- Enter your Kansas tax liability after all other credits on line 6.
- Enter the smaller of lines 5 and 6 on line 7. Transfer that amount to the appropriate line of Form K-40, K-41, K-120, or K-130.
The text does not provide mailing or e-filing directions. The address printed on the schedule is for taxpayer assistance, not identified as a filing address.
Common mistakes
- Do not leave out the requested information at the top of the schedule.
- Use your proportionate share percentage if you are a partner, shareholder, or member of a pass-through entity. All other taxpayers enter 100%.
- Calculate line 6 after subtracting all other credits from your Kansas tax liability.
- Do not claim more on line 7 than the smaller of lines 5 and 6.
- Do not carry unused credit forward. A carryover of credit exceeding your income or privilege tax liability is not allowed.
Questions people ask
How much is the credit?
The credit is 50% of contributions made during the taxable year, subject to the stated limits. Pass-through owners calculate the credit using their proportionate share of contributions.
What limits apply?
The annual credit awarded cannot exceed $25,000 for a taxpayer subject to the specified resident individual income tax, or $50,000 for a taxpayer subject to the specified corporate income tax or financial institution privilege tax. Total credits claimed cannot exceed $350,000 for any fiscal year. Your credit also cannot exceed your Kansas tax liability after other credits.
Can I use leftover credit in a later year?
No. The credit applies to the taxable year in which the contributions are made. Credit exceeding your income or privilege tax liability cannot be carried over.
Where can I get help or another copy of the schedule?
Contact the Kansas Department of Revenue Taxpayer Assistance Center at 785-368-8222. Additional copies of the schedule and other tax forms are available at ksrevenue.gov.