Reduce Your State Taxes and Expand Opportunities for Foster & Adoptive Families!
What is a tax credit?
A tax credit is a dollar-for-dollar reduction in the actual tax amount owed. For example, if you owe $800 and you donate $500 to a qualified charitable organization, you may subtract the $500 from your tax bill and pay the state just $300. If you anticipate a refund from the state, it would increase by the amount of your contribution, assuming you had that amount withheld. You do not need to itemize!
Who is eligible?
All Arizona taxpayers are eligible to take advantage of this tax credit regardless of whether or not they participate in the foster or adoptive system. Beginning with tax year 2016, the maximum credit for a contribution made to a charitable foster care organization such as Arizona Association for Foster & Adoptive Parents increased to $500 for single and head of household taxpayers and $1000 if you are married filing jointly.
Donations must be received by April 15, 2017 to be eligible to be used as a tax credit for tax year 2016. Simply complete the form and mail it with your check. Or if you prefer, you can make your donation online.
Your support is a win-win situation for you as a taxpayer and for Arizona’s foster, kinship and adoptive families!
For more information visit www.azdor.gov/taxcredits.