Greetings!
We hope everyone had a happy Thanksgiving! As the year winds down, we'll be sharing tax saving tips. This week we continue with another way to reduce your taxes - through school tax credits.
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Arizona School Tax Credits |
Did you know Arizona offers tax credits for contributions made to schools? Invest in Arizona's children today by contributing to a school tuition organization or a public school (charter schools too!). School Tuition Organization:A tax exempt organization that allocates as least 90% of its annual revenue to scholarships or grants and makes its scholarships/ grants available to students of more than one qualified school. Limit: $500 (single), $1000 (married filing jointly) Public School:A public school or charter school that provides instructions in grades K-12. Nongovernmental schools, preschools, community colleges & universities do not qualify. Limit: $200 (single), $400 (married filing jointly) See School Tax Credit Info on the Arizona Department of Revenue website for more information on these credits and listings of qualified schools & organizations. |