What is the Arizona state tax
credit for public schools?
Arizona law provides a tax credit for contributions
to public schools to support extracurricular
activities or character education.
Change in Arizona Tax Credit Eligibility Rules:
To be eligible for a 2016 state tax credit,
your contribution must be received or
postmarked by April 15th!
Beginning in January 2016, Arizona School Tax Credit contributions may be made through April 15th and still qualify for 2016 state tax filings. For contributions made between December 31, 2016 and April 15, 2017, the contribution may be subtracted from EITHER your 2016 or 2017 Arizona state tax bill. Contributions made after April 15th would be eligible only for 2017 state tax filings.
You can help Tanque Verde Unified School District students and possibly lower your tax bill by making a donation.
|How does it work?|
If you qualify for this state tax credit, you may write a check or use your credit card to make a 2016 OR 2017 Tax Year contribution before April 15, 2017. When you file your Arizona state taxes, you then subtract the amount of your contribution from what you owe or add the amount to your refund.
- If you owe $800 in Arizona state taxes: Make a $400 contribution to a Tanque Verde public school, and subtract $400 from your Arizona state taxes. Your tax bill will then be $400.
- If you are expecting an $800 refund on your Arizona state taxes: Make a $400 contribution to a Tanque Verde Public School, and add $400 to your Arizona state tax refund. Your refund will be $1,200.
The state tax credit is available to ALL qualifying individual Arizona state taxpayers.
You do not need to have a child enrolled in a school to take advantage of this state tax credit. It is always best to consult a tax adviser to see if you qualify for the dollar-for-dollar credit.
A tax credit is different from a deduction, because you may subtract the whole contribution from your Arizona state tax bill. An individual may contribute as much as $200, and a couple filing jointly may contribute as much as $400 to a public school and receive the money back in the form of a tax credit.
Please note: ECA donations are not refundable.
Your tax credit donation will help make a tough budgetary time a little easier on projects and programs here in our schools. If you have questions about tax credit donations, please call the district's administrative office at 749-5751, extension 4301.
Make your donation by downloading the TVUSD Tax Credit Donation Form