For example: The Foster Care Tax Credit allows you to choose and donate to a qualifying charity, like Firm Foundation Youth Homes: Gigi’s Cottage, which facilitates foster care services for girls. You can donate up to $1,000 for joint filling or $500 for single filing. Consult your tax professional.
Q. Why participate in the AZ tax credit program?
A. We see needs in our community every day, and tax credits allow Arizona residents to choose how their tax dollars are spent. Instead of sending their tax dollars to the state’s general fund, taxpayers can send their tax dollars directly to causes they believe in. Making a tax-credit contribution, like withholding, is a way of paying your tax liability.
Q. Do I really get my money back dollar for dollar?
A. The State of Arizona credits that contribution towards your taxes owed! It is not just a deduction, but an actual tax credit.
Q. Can I participate in more than one Arizona tax credit?
A. Yes, they are all separate credits, and you can claim them all on your tax return.
Q. How much can I give?
A. Each credit allows for a different contribution amount. You may contribute up to the maximum amount per your actual tax liability. Your tax liability is the amount of income taxes you are responsible for based on your income and tax. Consult your tax professional.
Q. Where do I find my tax liability?
A. You can find your tax liability on your most recent AZ income tax return, Form 140, line 48.
Q. What is the deadline for contributing for the 2023 tax year?
A. The deadline to contribute is April 15, 2024.
Q. Where can I get more information on Arizona tax credits?
A. Please visit the Arizona Department of Revenue website or contact your personal tax advisor.
SBC partners with several Arizona non-profits that qualify for these tax credits, and the organizations that qualify are listed below. When you make a contribution to one of these partners, you not only benefit from a dollar-for-dollar tax credit, but you also help support the wonderful work they are doing to restore wholeness and demonstrate Jesus’ love and grace to the adults, children, and families they serve.
Please consider how you can make a difference in the lives of others by taking advantage of Arizona tax credits. Contact email@example.com or call 480.824.7243 with any further questions you may have on how to benefit our local community.
Homelessness & Vulnerable Families Foster Care & Adoption Partners
Homelessness & Vulnerable Families
Foster Care & Adoption Partners
Medical Care and Pro-Life Partners
Recovery & Prison Ministry Partners
School and Youth Partnerships