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Ajo School District |
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Home of the Red Raiders |
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Ajo School District - Ajo High School - Ajo Elementary School |
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Arizona Tax Credit for DonationsArizona tax law, A.R.S. § 43-1089.01, allows individual Arizona taxpayers a tax credit of up to $200 and joint filing taxpayers up to $400 if they contribute to extracurricular activities in Arizona public schools. Extracurricular activities means school sponsored activities that require enrolled students to pay a fee in order to participate. Such activities may include, but are not limited to, use of band uniforms, use of equipment or uniforms for varsity athletics, use of scientific laboratory equipment or materials, or in-state or out-of-state trips that are solely for competitive events. Generally, any educational or recreational activities that supplement the educational program of the school are considered to be extracurricular activities. This tax credit is available to all who reside in Arizona and have a tax liability at least equal to that of their donation. You do not have to be a parent of a child to benefit from this law. However, corporations are not eligible. What Is A Tax Credit? Contributions to public schools have always been tax deductible. A tax deduction allows you to subtract the amount of a contribution from the amount of your taxable income. The new law, however, allows a tax credit, which is subtracted from the amount of taxes you owe. A tax credit is a full refund of your money provided you have a tax liability equal to, or greater than, your donation. To claim the tax credit, taxpayers must contribute to an extracurricular activity for which the school district requires enrolled students to pay a fee in order to participate. See the Ajo Unified School District Tax Credit Receipt Request form for a list of extracurricular activities that meet the tax credit requirements. How can I receive my credit? Please do the following if you would like to receive the tax credit:
How do I claim the Tax Credit when I prepare my taxes? We will issue you a receipt for your donation. Show this receipt to your tax professional, who should use Arizona Form 322 to claim your tax credit. You will receive a full credit for the amount contributed to the school, so long as your Arizona Income Tax liability for the year equals or exceeds your donation. Because Ajo Unified School District must keep strict records of the funds received and report their use to the state, there will be no refunds should you discover that you do not have a tax liability to cover the tax credit. You are able to carry the credit forward up to five years. Any portion of the donation that is not used as a tax credit can be used as a charitable deduction. Can I mail my check? Yes. Please mail the Tax Credit Receipt Request form with a check to: Who can answer my questions? If you have any questions about Tax Credits or Student Fees, or would like a form mailed to you please call 520-387-5618 or visit the District Office at 111 N. Well Road, Ajo, AZ. |
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Ajo School District - Ajo High School - Ajo Elementary School |
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Primary Style Sheet was created by student, Bryan Runge.
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