Sow into us and reap a tax harvest!
In Arizona, you may claim a tax credit for voluntary cash contributions you make during any taxable year to a Qualifying Charitable Organization (that’s us!). We spend at least 50% of our budget on services for Arizona residents who either receive temporary assistance for needy families (TANF) benefits, are low-income residents (whose household income is less than 150% of the federal poverty level), are chronically ill, or are physically disabled children. To be a Qualifying Charitable Organization, we must also show that we plan to continue spending at least 50% of our budget on these services. The names of approved charities are listed on the Department of Revenue’s website: https://azdor.gov/tax-credits/contributions-qcos-and-qfcoswebsite.
NEW! Increased limits for the Arizona Charitable Tax Credit
- Couples filing jointly can claim a tax credit of up to $800.
- Head of household/single can claim a tax credit up to $400.
- The Arizona Charitable Tax Credit is completely separate from and in addition to the Private School Tuition and Public School Activity Tax Credits – you may participate in any or all three if you choose.
- If you have no Arizona tax liability for the current year, you may carry the tax credit forward for up to five years.