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a valuable tax credit…and a great way to help a family in need!

Charities, General, Uncategorized

the blog:

{We happen to know a very special Phoenix family that could greatly benefit from donations to this program – if you would like more info about how you can help them directly, please email me!}
A Valuable Tax Credit for you — A Quality Education for a Deserving Child.
HELP FUND SCHOLARSHIPS WITHOUT INCURRING ANY EXTRA COST FOR YOU!
This tax credit money ONLY funds scholarships for families with finacial need.
Example …

If you owe $4,000 in AZ state income tax, THEN…

EITHER… You pay $4,000 to the Arizona State Treasury;
OR… You GIVE $1,000 to the School of your choice for scholarships;
AND You ONLY Pay $3,000 to the Arizona State Treasury. YOU DECIDE!
How it works …

Send up to $1,000 ($500 if single) to the School of your choice by December 31.
AZ gives you a dollar-for-dollar credit against your state taxes. Any amount counts as a payment towards state income tax and reduces the total amount you owe the state. If the combination of your contribution to the School of your choice AND the taxes withheld from your paycheck is greater than the amount you owe the state, you will receive a refund from the state. Contributions must be received by December 31.

Your chosen school uses these directed tax dollars to provide scholarships to needy students. We believe that all children should have access to quality education, and we treasure the diverse community these contributions permit us to create.

Other school tax credits …Please note that this contribution does NOT preclude you from taking advantage of the AZ state tax credits for a contribution to a public or charter school. We strongly encourage you to take advantage of this opportunity as well.

For more information about all state tax educational credits, access the Arizona Department of Revenue at www.azdor.gov and type “school tax credit” into the search box.