Arizona 2014 Tax Credit Form
Arizona Qualifying Charitable Organization Tax Credit
The Qualifying Charitable Organization Tax Credit is a dollar-for-dollar charitable contribution you can give to 501(c)(3) corporations (nonprofits). With Arizona's Charitable Tax Credit you can receive a dollar-for-dollar tax credit, up to $200 if filing single or $400 if filing a joint return, on your state income taxes. Through this program you can assist families who want to learn English, enhance their literacy skills, obtain their GED, and attend college.
How do I claim the tax credit?
Report the credit on one line in your Arizona income tax return and submit Form 321 provided by the Department of Tax Revenue. Unlimited Potential qualifies as a charitable organization.
Do I have to itemize deductions to claim the credit?
No. Arizona does not require that you itemize on your personal income taxes.
How do I know Unlimited Potential is eligible for this donation?
A charitable organization must submit written certification on a prescribed application form to the Department of Revenue along with other information and documents. You can view the listing of qualifying charitable organizations on the Department of Revenue website at any time. You can also ask the Unlimited Potential to see a copy of the qualifying charitable organization certificate issued by the department to the charitable organization. You can also contact the department to see if the charitable organization is a qualifying charitable organization.
Where can I get more information about the tax credit?
You can get more information by visiting the Arizona Department of Revenue website at www.azdor.gov/TaxCredits or by calling Taypayer Assistance at 602.255.3381