A tax credit is a dollar-for-dollar reduction in the actual tax owed to the State of Arizona. It reduces your tax liability to the state by the amount you donate, up to $400 for married couples and up to $200 for single filers. The tax credit is available to all Arizona Individuals who pay state income taxes, regardless of whether or not they have children in school.
For the 2021 tax year, donations can be made up until April 18, 2021, and can be applied to your 2021 tax bill.
A tax deduction lowers the amount of your taxable income while a tax credit lowers the amount of taxes you owe.
In 2021, if you had a $1,000 Arizona tax bill, by donating $400 to your child’s school, your tax bill would be lowered to just $600.
No – any Arizona resident may donate to a school and take advantage of the tax credit. Grandparents, aunts, uncles, even neighbors can donate and receive a tax credit, as long as they have an Arizona Income Tax liability.
Couples filing jointly can receive a $400 tax credit for a $400 donation. Single and Head of Household filers can receive a $200 tax credit for a $200 donation.
No. Your donation can be applied to multiple schools. For example, if you have two children, one who attends a Legacy school and the other who attends a local high school, a $200 donation could be made to each school for a total of $400.
After your transaction has been completed, a receipt for your donation will be emailed to you.
If you prefer, you may download a Tax Credit form by clicking here.
Tax credit donations helped form Mountain View’s first Instrumental Band Program, empowering students to experience and create music first-hand!
Tax credit donations supported GEC students and their service projects on their annual Jamaica Service Learning trip.
Tax credit donations assisted both the boys and girls basketball teams at GEC in making it to state playoffs.