Support schools; get a tax credit
It’s that time of year when local schools are reaching out to Arizona residents to ask for their help. Arizona law allows taxpayers to donate a portion of their Arizona taxes to the schools and eligible programs of their choosing. And, the best news is that it doesn’t cost taxpayers a thing.
Arizona Tax Law ARS 43-1089.01 allows Arizona taxpayers to claim a credit of up to $200 per single taxpayer or $400 per household when they contribute to extracurricular activities or education programs in the Arizona K-12 public or charter school of their choice.
So, what exactly is an “extracurricular activity?” It is any optional, non-credit, educational or competitive, school-sponsored activity such as sports, visual and performing arts, field trips and before- and after-school clubs. Of course, when considering supporting a local school, you may select which school and program you would like to support and the amount of the tax credit does not have to be for the total allowance. In addition, the credit may be split between one or more schools.
To contribute to programs you value, visit your local school’s website to learn how to contribute, stop by your local school office to write a check, or go to arizonaschooltaxcredit.com and select one of the schools that accept on-line tax credit payments. Note that payment must be received by December 31st in order to apply the tax credit to that calendar year.