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Arizona Charitable Tax Credit Program for The Working Poor
Thanks to Arizona’s Charitable Tax Credit Program for the working poor, you can help Florence Crittenton serve the basic needs of our low income kids and families, and reduce your tax liability in the process. How? Your contribution of up to $400 (married filing jointly, $200 for individuals) may earn a dollar-for-dollar tax credit on your Arizona income tax. And, if you itemize on your federal return, your gift to Florence Crittenton’s programs qualifies as a charitable deduction there, too.
To be eligible for this credit, you must have itemized deductions and deducted charitable contributions on a prior year’s Arizona state tax return (1996 or later) at least once. This is necessary to establish a baseline year and amount. The credit is then figured on the amount donated over and above the baseline amount.
Some important points about the charitable tax credit:
- You must itemize your charitable contributions.
- A credit comes right off the top of your state tax bill, lowering the amount of money you will pay, as opposed to a deduction, which only helps determine what your final tax liability will be. (See Arizona Form 321).
- You must establish a baseline year of charitable giving (the first year after 1996 that you itemized charitable contributions on your federal tax return).
- You must make an increase in your charitable giving over your baseline year.
For more information regarding Arizona’s Charitable Tax Credit Program terms and eligibility, contact the Arizona Department of Revenue at 602-255-3381.
School Tax Credit
Through Arizona’s School Tax Credit, you have the opportunity to expand enrichment opportunities for Girls Leadership Academy of Arizona students. This invaluable program allows taxpayers to receive a tax credit of up to $200 (for individuals, $400 if married filing jointly) when a donation is made to a public school, such as Girls Leadership Academy of Arizona, for extra-curricular activities. (See Arizona Department of Revenue Form 322). Do good, feel good and get a tax credit too! Now that’s a great way to give.
Florence Crittenton is a 501(c)(3) non-profit organization, not a tax advisor. We encourage you to contact a qualified tax advisor for advice on your personal tax situation and to learn how charitable giving to Florence Crittenton may specifically benefit you.
For more detailed information regarding the programs above, please call the Arizona Department of Revenue at 602-255-3381 or 1-800-352-4090.
Florence Crittenton is a 501(c)(3) non-profit organization. Tax I.D. 86-0103282.
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