HOW DOES IT WORK?You can send all your state taxes to the State of Arizona or make a contribution to a public school and receive a State Income Tax Credit for up to $200 for tax payers who file a tax return as single or head of household and a maximum of $400 for married couples filing jointly on your State Income Tax Return If married taxpayers file separate returns, each spouse may claim one-half of the Tax Credit that would have been allowed on a joint Tax Return. A.R.S. §43-1089.01 gives you this opportunity to help your local school.
A tax credit, which is the dollar-for-dollar reduction of your tax liability, is better than a tax deduction, which only reduces your taxable income before taxes are computed. The tax credit is available to all taxpayers, regardless of whether they have children in school. It would be advisable to consult your tax advisor regarding your specific tax status.
WHERE DOES THE MONEY GO?You may select which school and which program you would like to support. The amount of the tax credit you take does not have to be for the total allowance. You can make a difference in our schools with just $50, $75, or $100. In addition, the credit may be split between one or more schools.
HOW CAN I TAKE ADVANTAGE OF THE TAX CREDIT?Donations may be made through April 15, 2020 and may be used for your 2019 Income Taxes. It is easy! The Web Store will provide you with a receipt verifying that you have contributed to an eligible extracurricular activity.