Help Hungry Children with the Arizona Charitable Tax Credit. Donate up to $800 to St. Mary’s Food Bank and get all of it back in your Arizona Tax Refund.
St. Mary’s Food Bank is a Qualifying Charitable Organization. Your donation for charity to St. Mary’s Food Bank can be included in your Federal Tax Deductions in addition to the Arizona Charitable Tax Credit. Please consult a qualified tax advisory for personal tax advice.
Questions about the AZ Charitable Tax Credit? These are the most common.
How do I file for the Arizona Charitable Tax Credit?
Use Arizona Form 321, “Credit for Contributions to Qualifying Charitable Organizations” to claim your tax credit.
What is the deadline for contributing?
The deadline for making a donation that would apply to this year’s taxes is April 17th of next year.
What if I currently use the Public Education Tax Credit?
The Arizona Charitable Tax Credit is independent from the Public Education Tax credit. You can take advantage of both on your tax return.
Can I use the Charitable Tax Credit on my Federal Income Tax Returns?
The Charitable Tax Credit may be applied to your Arizona State income tax. You may also qualify for a federal tax deduction for the amount donated.
What are the best local charities to donate to?
St. Mary’s Food Bank was named one of the best local charities in Arizona. We also provide support to 500 local non-profits throughout Arizona.
How much of the donation for charity goes to help people in Arizona?
At St. Mary’s Food Bank, 95% of the money donated goes to the cause and helps feed hungry children, families, and seniors right here in Arizona.
What is the Arizona Charitable Tax Credit?
Arizona Credit for Donations Made to Qualifying Charitable Organizations (QCO) Contribution amounts eligible for credit: $400 for single filers/ $800 for joint. St. Mary’s Food Bank is a Qualified Charitable Organization.
What is a dollar for dollar Tax Credit?
According to the IRS, Tax credits provide a dollar-for dollar reduction of your income tax liability. This means that a $1,000 tax credit saves you $1,000 in taxes. On the other hand, tax deductions lower your taxable income and they are equal to the percentage of your marginal tax bracket.
What is AZ Tax Credit?
With the Arizona State Tax Credit program, when you make a donation to an eligible organization you receive a dollar-for-dollar credit against Arizona state taxes owed. These donations count as charitable contributions and may be deducted on your federal return if you itemize your deductions.
How do you get Arizona Tax Credits “AZ Tax Credit” for Charitable Donation?
The Arizona Department of Revenue Credit for Contributions to Qualifying Charitable Organizations (Arizona Form 321)
The allowable current year’s credit for contributions to QCOs remains the same as the prior tax year.
For 2018, the maximum current year’s credit is:
- $400 for single and head of household taxpayers
- $800 for married taxpayers filing a joint return
St. Mary’s Food Bank is a Qualifying Charitable Organization. 95% of every donation goes directly to the cause, providing food to Hungry families, children, and seniors right here in Arizona.