Arizona School Tax Credit
IF YOU MUST PAY TAXES ANYWAY, WHY NOT HELP EAGLE STUDENTS AT THE SAME TIME?
Please consider making a Tax Credit Donation to EAGLE!
If you have not yet contributed to the tax credit fund this year, you still have time! Arizona taxpayers are allowed to make a contribution to a school to help fund extracurricular activities, like athletics (according to Arizona Department of revenue this includes equipment - ex. balls and playground equipment), music, field trips and after-school tutoring. You then are entitled to deduct the entire amount of the contribution from your state tax bill!
Everyone wins – taxpayers and student! This is a great way to reduce your taxes and help support your schools. A married couple may contribute up to $400 to a school and a single person may contribute up to $200. The amount of the tax credit you make does not have to be the total allowable amount. You can make a difference for our students with just $20, $50 or $100. Refunds are not allowed. EAGLE College Prep will issue a tax credit receipt to you. Claim the tax credit when filing your AZ State Income Tax. This tax credit is available to all Arizona taxpayers regardless of whether or not they have children in school. Donations must be received by December 31 in order to be eligible for the tax credit this year. Please take advantage of this great program by using the form. If you have any questions about this credit please call the Arizona Dept of Revenue at 602.255.3381 or contact Frances DeWindt at EAGLE College Prep, 602.323.5400.
Arizona Public School Tax Credit
Frequently Asked Questions
Q: What is it?
The Arizona Public School Tax Credit is a unique program that gives Arizona taxpayers the opportunity to contribute to the extracurricular programs at the public or charter school and receive a dollar for dollar credit on their state taxes.
Q: How much can I give?
Married couples filing jointly can contribute $400. Individual filers can contribute $200.
Q: How does it work?
- Make your Tax Credit Contribution to EAGLE College Prep by December 31 of the current calendar year.
- EAGLE College Prep sends you a receipt for your donation. Hold on to it.
- When paying taxes in the spring, you compute your state tax liability and deduct the full amount of your donation.
- The resulting figure is what you actually owe Arizona.
Q: What if I owe the state a remaining balance?
For example: If you have a remaining state tax liability of $1,800, since you donated a $400 tax credit, you immediately reduce that figure to $1,400. That’s the final amount of state tax you owe.
Q: What if the state owes me?
For example: If you are due a refund from the state of $200, since you donated a $400 tax credit, you immediately increase that figure to $600.
Q: So there is no additional cost to me?
That’s correct. You get your donation back through a dollar for dollar credit off your state tax liability.
Q: Can my family, friends, and co-workers make a tax credit contribution to EAGLE College Prep?
Yes! As long as they pay taxes to the state of Arizona, they can take full advantage of the Tax Credit. There is no need to have a child at the school.
Q: Are there other restrictions?
If you have a very low taxable income, you could have state tax liability of less than $400. You might end up going beyond your tax liability. If in doubt, check with a tax advisor.
Contact frances.dewindt [at] eagleprep.org (Frances DeWindt), School Operations Manager at 602-323-5400.