Tax Credits for Individual Donations
A.R.S. 43-1089 /A.R.S. 1089 (Eff. 1/1/11) /A.R.S. 43 Ch. 16 (Eff. 1/1/11)
The Individual Tax Credit Program allows individuals to receive dollar for-dollar tax credits while funding scholarships for economically disadvantaged children in Arizona.
Individuals with an Arizona state tax liability can redirect a portion or all of their state tax liability to a Scholarship Tuition Organization, like Arizona School Choice Trust. This will be taken as a credit on your taxes, not a deduction.
Beginning in 2012, taxpayers may contribute an additional $500 (single taxpayers) and $1000 (married taxpayers). This new program, the individual tax credit âPLUSâ, is specifically for children switching from public to private schools. Bringing the total that a taxpayer may contribute annually to $1003 (single taxpayers) and $2006 (married taxpayers).
Individuals who are interested in donating can do so online with a credit card or by check by printing out the donor card and submitting it by mail.
ASCT is proud to have been ranked #1 by a study of Arizona School Tuition Organizations. You can be certain that your tax credit contribution will be used to benefit low-income children throughout Arizona, giving these desperate families a choice. We were the only organization to receive the top score of 5 out of 5 stars.
