Phoenix Elementary - Arizona School Tax Credit Information
Автор: Phoenix Elementary School District #1
Загружено: 2015-12-16
Просмотров: 1533
Описание:
An informational video explaining how the Arizona School Tax Credit works.
Arizona allows each state taxpayer to donate up to $200 per year to public schools in support of extracurricular activities and claim a dollar-for-dollar state tax credit. Married couples filing joint tax returns may donate and claim a tax credit of up to $400 per year. Those who are married and filing separately qualify for a $200 maximum state tax credit.
It allows you to reduce the amount of your tax liability to the state or increase your refund from the state. For example, if you donate $200, your state tax credit will be $200. When you file your taxes in the spring, your state tax bill will be $200 less, or if you are receiving a refund it will be $200 more. Either way, you are sending dollars directly to the school of your choice instead of the Arizona Revenue Service.
Your donation will be used to provide money for extracurricular activities such as field trips, after school tutoring, intramural activities and more.
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