Arizona tax payers are able to claim dollar for dollar tax credits in 2018 for donations made on or before April 15, 2019. For example, if a married couple contributes $800 on April 15, 2019 to a qualified charity (formerly known as the Working Poor Tax Credit), they will qualify to receive an $800 tax credit (see Arizona Form 321) which may be applied towards their 2018 Arizona individual income tax. Below are just a few of the eligible tax credits for donations made before April 15, 2019.

  1. Qualifying Charitable Organizations Credit- $400 for single/ $800 for married.
  2. Public School Credit – $200 for single/ $400 for married.
  3. Private School Credit – $555 single/$1,110 married.
  4. Additional “PLUS” Private School Credit – $552 single/$1,103 for married.

Please keep in mind that the Arizona Department of Revenue now requires you to report a unique five-digit code that has been assigned to each qualifying charitable organization. These codes must be included on your tax return for the credits to be accepted.

Laura M. Trujillo
ltrujillo@mclawfirm.com
480-994-2000

Disclaimer: This blog is for information purposes only. Legal advice is provided only through a formal, written attorney/client agreement.