As you may know, Arizona offers several different tax credit opportunities that allow taxpayers to make important decisions regarding how their tax dollars are spent here in the state. One of those tax credits is the Qualified Charitable Organization tax credit. And now, there is an organization assisting preschools!...
By donation to Educate the 48th, (an Arizona qualified charitable organization), your tax dollars can help families right here at Desert Foothills Lutheran Preschool!
100% of this contribution can be taken as a TAX CREDIT against your Arizona state taxes.*
The way it works is that at any time between now and April 15th, 2021 you can contribute and recommend our school receive those funds. When you file your 2020 taxes you deduct that amount off of your Arizona state tax liability. If you owe money when you file, you would owe less by the amount you donated. If you are getting a refund, you would get a larger refund.
Because it is a tax credit, the net cost to you is zero. You simply have the option of paying your taxes to the state, or redirecting those funds to help our school.
QUALIFIED CHARITABLE ORGANIZATION - DONATION MAXIMUMS FOR 2020:
$800 for married filing jointly
$400 for filing single