You probably know that all donations to TIA are tax deductible because we are a non-profit corporation with a 501 C 3 exemption. This relates to your Federal Income Tax. Note the word “deductible” speaks of a Federal Income Tax deduction.But there is another COOL WAY to donate to TIA and lower your tax obligation. It is called the Arizona Tax Credit Program. (Notice the word “Credit.”) You donate to TIA. You receive a credit for the total amount, up to specified limits. This lowers your AZ Income Tax obligation by that amount. You win. TIA wins.
The limits: The Arizona Tax Credit Program allows Arizona taxpayers to contribute up to $200 for individuals and up to $400 for married couples (filing jointly) for the support of extracurricular activities at a public/charter school of their choice and receive a dollar for dollar tax credit on their Arizona state income tax.
Q: What Do I Have To Do To Qualify For This Credit? NEW!
In the past you had to file by December 31. But now, if you contribute to Tucson International Academy by April 15, you may apply the donation for your next year taxes. The school will mail you a receipt with the school’s tax code to verify your contribution. Then, when you file your state tax return you may deduct the amount you contributed. Please visit the Arizona Department of Revenue website for this information.
Q: What If I Owe the State at Tax Time?
If you owe the state money, you will owe less by the amount you contributed.
Q: Who Can Contribute?
Any individual filing an Arizona state tax return.
Q: Must a Taxpayer Have a Child At TIA In Order to Claim This Credit?
Q: Is a Charter School Considered To Be a Public School?
YES. A charter school is defined in ARS 15-101 as a public school. Therefore, contributions to a charter school in support of extracurricular activities are eligible for the tax credit.
Q: Can I Split The Money Between Schools?
If you have an Arizona tax liability (pay taxes) then you can get a dollar-for-dollar credit for money donated to TIA.
Option One (Recommended)
Donate online using PayPal. CLICK HERE (You DO NOT need a PayPal account to donate this way.)
- Download and complete form: CLICK HERE
- Mail or deliver this form with your check to the TIA school of your choice by April 15. Envíe por correo o entregue esta forma con su cheque a la escuela de TIA de su elección antes del 15 de abril.
I ask you again to take these steps and take control of your tax dollars. What is a small amount to the state makes a huge difference for our school. All of us here at TIA appreciate your help.
Dr. Jennifer Herrera
Other Helpful Information
AZ SCHOOL TAX CREDITS -Private & Public School Tax Credit Information Publication
Arizona Brochure #707 (Downloadable)