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What is the School Tax Credit?It is an opportunity to support the school of your choice in their extracurricular activities without it actually costing you anything! (At least nothing you wouldn't be spending in Arizona Income Tax anyway.) How does the Arizona School Tax Credit work?The Arizona School Tax Credit satisfies your Arizona Tax Liability dollar for dollar. The money that you contribute to Arizona Public Schools for extra curricular activities is money that you would pay in Arizona Income Tax, but you can make the choice to send it directly to your favorite Arizona Public School. The school benefits and you have made the choice on how your tax dollars are spent. The credit is equal to the amount contributed to the schools. The credit is limited to:
When tax time comes, just figure your tax liability as usual and then indicate that you have already paid a portion of this liability by contributing to Arizona Public Schools. The credit will not reduce your tax liability past zero. Any unused credit will carry forward for five (5) years. Any individual filing an Arizona Income Tax Return can use the credit. Just five easy steps will do it!
Remember...this contribution costs you nothing. Pay it to the school of your choice or pay it to the Arizona Department of Revenue. To contribute to the School Tax Credits program, simply click on the "Tax Credits Form" link at the right to launch the required form. Print and complete the form and either bring or send the form and your money or check to:
And, thank you for supporting our extracurricular programs at Fort Thomas Unified Schools! |
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