Give and get back
Arizona offers four kinds of "dollar-for-dollar" charitable donation credits, so here's a great way to do some good for the community and for yourself at the same time.
You get a dollar off your state tax for each dollar you donate, up to the program limit. Under new federal rules, however, those donations generally no longer count as charitable contributions on your federal return.
Feeling generous? You can donate for more than one of the tax credits. In fact, you can give for all four tax credits, if your tax situation allows.
It's not often you can end up on the winning end of a tax law, and three of the credits allow donations up to Apr. 15. Do yourself a favor and tell the state legislature how to spend some of its budget by checking out these Arizona tax credits:
- Qualifying Charitable Organizations (max $400 single/$800 married) and(br> Qualifying Foster Care Charitable Organizations (max $500 single/$1,000 married)
- Contributions Made or Fees Paid to a Public School ($200 single/$400 married)
- Contributions to Private School Tuition Organizations ($1,089 single/$2,177 married)
- Military Family Relief Fund ($200 single/$400 married)
You may donate conveniently online to charitable organizations and for private schools at AzTaxCreditFunds.com.