Tax Credit
What is a tax credit?
A tax credit is a
dollar-for-dollar reduction in the actual tax owed. For example, if you owe $800
in state income taxes and you donate $400 to a public school for extracurricular
activities, you may be able to subtract the $400 from your tax bill and pay the
state just $400. If you get a refund, your refund may increase. (Everyone's tax
situation is different.)
What is an extracurricular
activity?
Extracurricular activity means any optional, non-credit
educational or recreational activity that supplements the educational program of
the school. Activities such as sports, visual and performing arts, special
programs, character building, field trips, clubs, outdoor education, gifted
programs, or classroom enrichment programs can be funded with tax credit money.
At Starline, your tax credit dollars support field trips, Homework Club, and
student council. Tax credit dollars can also go towards the all-day kindergarten
fee. We need your tax credit participation to continue existing programs and
possibly create new ones in the future.
More about tax credit eligible activities »
Who is eligible?
This tax credit is available to
all AZ individual taxpayers regardless of whether or not they have children in
school. An individual can contribute and receive a tax credit for any amount up
to $200, or a couple filling jointly can contribute up to $400.