The end of 2008 is quickly arriving, but it is not too late to donate monies to the school of your choice through the Arizona State Tax Credit program. A tax credit donation to the school of your choice will reduce your 2008 income tax owed to the state of Arizona, dollar for dollar. The donation will cost you nothing since your donation will be returned to you when you file your state income tax return next year.
Tax credit monies are used to fund school-sponsored extracurricular activities that require students to pay a fee in order to participate. Fees include monies utilized for equipment or uniforms for varsity athletic activities, scientific laboratory materials, and in-state or out-of-state trips that are solely for competitive events. For more information on which programs apply, contact the school of your choice.
Those wishing to donate are not required to have children. Anyone with or without children, married or single, is eligible to take advantage of this tax credit. The $400 maximum state tax credit is available for taxpayers that are married and filing jointly. A husband and wife that file separate returns for a taxable year in which they could have filed a joint return may each claim $200. For a single individual or a head of household, the tax credit is $200. You may donate less than $400 and still be eligible to receive the state tax credit in the amount of your donation.
We recommend donating to the tax credit program. It's a win-win for all and it's a great way to help students. To qualify for 2008, donations must be postmarked no later than Dec. 31. Four school districts - Ash Fork, Grand Canyon, Maine Consolidated and Williams - are located in our immediate area. For more information on any of these school districts, contact the Ash Fork School District at (928) 637-2561, Grand Canyon School District at (928) 638-2461, Maine Consolidated School District at (928) 635-2115 or the Williams School District at (928) 635-4473.
More like this story
- Editorial: Make a tax credit donation to Grand Canyon School - it won't cost you a dime
- Time running out to take school tax credit
- You can help students by donating to the Arizona State Tax Credit program
- Editorial<br>Donating to tax credit is <br>a winning situation for all<br>
- <b>Time's running out on school tax credit program</b>