Your Tax Credit Donations Can Be A Winning Opportunity For All!
If you are a tax payer, you are eligible for an Arizona Tax Credit.
It's a win-win situation for taxpayers and students!
We strive to provide a well-rounded educational experience for all students by going beyond the traditional classroom. Extracurricular activities help youth develop qualities such as leadership, team play, and cooperation, as well as provide safe, supervised activities after school hours. Some of the activities you will be supporting include performing arts, field trips, outdoor education, gardening, sports and tutoring, just to name a few.
Who is eligible?
This tax credit is available to all Arizona taxpayers regardless of whether or not they have children in school. An individual may contribute as much as $200; a couple filing jointly may contribute up to $400.Taxpayers may also deduct the amount on federal returns as a charitable contribution.
How to contribute:
You can contribute safely online right now by selecting a category on the drop down menu and clicking the "Tax Credit Donation" button at the top of the page! Donations must be received by December 31 to be eligible for the tax credit this year.
Thank you for supporting our students!
It's a win-win situation for taxpayers and students!
We strive to provide a well-rounded educational experience for all students by going beyond the traditional classroom. Extracurricular activities help youth develop qualities such as leadership, team play, and cooperation, as well as provide safe, supervised activities after school hours. Some of the activities you will be supporting include performing arts, field trips, outdoor education, gardening, sports and tutoring, just to name a few.
Who is eligible?
This tax credit is available to all Arizona taxpayers regardless of whether or not they have children in school. An individual may contribute as much as $200; a couple filing jointly may contribute up to $400.Taxpayers may also deduct the amount on federal returns as a charitable contribution.
How to contribute:
You can contribute safely online right now by selecting a category on the drop down menu and clicking the "Tax Credit Donation" button at the top of the page! Donations must be received by December 31 to be eligible for the tax credit this year.
Thank you for supporting our students!
More Information On How You Can Benefit From The Arizona Tax Credit
A great way to support the school of your choice is through the Arizona tax credit program. This credit allows an Arizona taxpayer to contribute $200 per individual tax return or $400 per joint tax return to a school’s extra curricular program or character education program. Contributions are to the school of your choice. Please consider Liberty Arts Academy when making your tax credit contribution.
Commonly Asked Questions:
Do I have to have children enrolled in school?
No. Any Arizona individual paying state income tax can make a tax credit contribution. Parents, Grandparents, Aunts, Uncles, Etc....
How does this work on my tax return?
When you file your state taxes, you will record the tax credit contribution on Form 322 (downloadable from the State.) As an example, if you make a $400 tax credit contribution and you calculate a state tax refund, applying the credit will increase your refund by $400. If you calculate a liability, applying the credit will reduce your liability. However, you cannot receive a refund greater than your State income tax assessment for the tax year.
Do I have to donate the full $200 for individual or $400 for joint tax donation?
No, you can donate any amount up to $200 for individual tax filers and $400 for married filing a joint return. So if you donate $50 or $100 toward the Arizona Tax Credit to Liberty Arts Academy you can apply this to Form 322 for your state taxes and have it applied as stated above.
Who can make an Arizona Tax Donation?
Tax donations can be accepted only from individuals filing returns, not businesses.
How do I make an Arizona Tax Donation?
You can click on the "Donate Now" button above, download the on-line form and mail in your Tax Donation or drop it off at the school office. All contributions must be dated and turned in on or before 12/31/2012, to be credited to your 2012 Income Tax.
For more information from the State of Arizona Department of Revenue: http://www.azdor.gov/TaxCredits/SchoolTaxCreditsforIndividuals.aspx#public
Commonly Asked Questions:
Do I have to have children enrolled in school?
No. Any Arizona individual paying state income tax can make a tax credit contribution. Parents, Grandparents, Aunts, Uncles, Etc....
How does this work on my tax return?
When you file your state taxes, you will record the tax credit contribution on Form 322 (downloadable from the State.) As an example, if you make a $400 tax credit contribution and you calculate a state tax refund, applying the credit will increase your refund by $400. If you calculate a liability, applying the credit will reduce your liability. However, you cannot receive a refund greater than your State income tax assessment for the tax year.
Do I have to donate the full $200 for individual or $400 for joint tax donation?
No, you can donate any amount up to $200 for individual tax filers and $400 for married filing a joint return. So if you donate $50 or $100 toward the Arizona Tax Credit to Liberty Arts Academy you can apply this to Form 322 for your state taxes and have it applied as stated above.
Who can make an Arizona Tax Donation?
Tax donations can be accepted only from individuals filing returns, not businesses.
How do I make an Arizona Tax Donation?
You can click on the "Donate Now" button above, download the on-line form and mail in your Tax Donation or drop it off at the school office. All contributions must be dated and turned in on or before 12/31/2012, to be credited to your 2012 Income Tax.
For more information from the State of Arizona Department of Revenue: http://www.azdor.gov/TaxCredits/SchoolTaxCreditsforIndividuals.aspx#public
