DONATE $470 - (single, married filing separate, or head of household )
DONATE $938 - (married filing joint)
GET 'Dollar-for-Dollar' CREDIT ON YOUR ARIZONA TAX RETURN
The state of Arizona provides a variety of individual tax credits, including the Arizona Charitable Tax Credit. These tax credits allow taxpayers to make charitable contributions and receive dollar-for-dollar reductions in their Arizona state tax liabilities.
You’ve probably heard of the AZ Charitable Tax Credit, but don’t know all the details about it. That’s okay!
How Does the Arizona Charitable Tax Credit Work?
Fortunately, the process for making a charitable contribution and claiming the 'DOLLAR FOR DOLLAR' Arizona Charitable Tax Credit is relatively easy. There are four steps to document your donation and claim your tax credits. If you use a professional tax preparer, they will be familiar with the process.
1. Donate to a certified charitable organization (QCO or QFCO), such as a 501c3 organization like Neuro Wellness Charitable Organization - NWCO
2. Maintain a receipt of your gift from the charity to provide a copy with your tax return.
3. Complete the relevant tax form to claim one or more credits for your gift(s): Arizona Form 321 for gifts to QCOs, and/or Arizona Form 352 for gifts to QFCOs.
4. Calculate your individual tax return (e.g. Arizona Form 140, 140NR, 140PY or 140X), subtracting your tax credits from your tax liability, in order to reduce your Arizona state tax balance. Just include Arizona Form 321 with your AZ State Tax return to claim QCO donation credit.
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