Contributions to organizations that provide assistance to Arizona residents receiving TANF, are low income, or are chronically ill or physically disabled are eligible for a special, dollar-for-dollar, credit against Arizona State income tax. Starting with the 2013 tax year, taxpayers do not have to itemized deductions in order to claim this credit. The maximum contribution for Single/Married is $200 and $400 respectively. Qualifying Organizations include: Boys & Girls Clubs of the East ValleyJewish Free LoanBig Brothers Big Sisters of Central Arizona Chandler Gilbert ARC EMPACT - Suicide Prevention Center, Inc. Gabriel's Angels Society of St. Vincent De Paul OCJ [...]
HB2009, the 2013-2014 Revenue Budget Reconciliation modified the Arizona Working Poor Tax Credit to increase the dollar-for-dollar tax credit for eligible institutions. Contributions to organizations that qualify as "Foster Care Charitable Organizations" are now eligible for a $400/$800 Single/MFJ. This change is retroactive to January 1, 2013. For more information on this tax credit, visit the Arizona Department of Revenue website or contact our office.
We would like to remind you of the tax credits available for charitable contributions to certain causes. Arizona tax credits are available to reduce your tax liability dollar-for-dollar, but are not refundable. Unused contribution credits roll forward to future years. A taxpayer who makes $1,800 of eligible contributions but has only a $400 liability will reduce their liability to $0 and have $1,200 available for future years. You will find your 2011 State of Arizona tax liability on Form 140 Line 24. If you have any questions, please contact our office. […]