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The Arizona Tax Credit: Its Wonderful Joys and Benefits

by | Aug 12, 2020 | Tax Credits

Are you enjoying the benefits of your Arizona tax credit? Has anyone mentioned this wonderful benefit of using your tax dollars to help families? If not, this article is a good read for you.

Consider this: You’re a taxpayer in Arizona. Taxes which most citizens find burdensome but have to pay nonetheless. After all, it is the lifeblood of the nation. But wait, the Arizona Department of Reserve serves it to you like a carefully-aged tangy wine but with a smooth but a refreshingly delightful after taste. With parched lips, you come and taste it.

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Yes, Arizona taxes are like that, and the smooth, delightful feeling comes with tax credits. You see, an Arizona tax credit comes in either donation to Qualifying Charitable Organization and Qualifying Foster Care Charitable Organization, which have been assigned their respective five (5) digit code numbers. These are two of the recipients. Tax credits can be claimed using Form 321 and Form 352 which are included with the Arizona income tax return. These “QCO Code” or “QFCO Code” are to be written in these forms to claim the tax credits for contributions to the aforementioned certified organizations. The Arizona Department of Reserve’s lists of qualifying charities include the code assigned per organization. So, you do not have to worry that you will miss the code for your choice’s charitable organization.


The Arizona Tax Credit Its Wonderful Joys and Benefits


If you are an unmarried taxpayer, you can claim your Arizona tax credit amounting to $400 likewise, if you are married but filing your tax return separately or head of your household. Married taxpayers, on the other hand, may claim up to $800 tax credit for as long as they file their return jointly.

Suppose you prefer donating in support of foster children and families. In that case, you can avail of $1000 Arizona tax credit if you are married and filing joint return, while $500 can be claimed by a single individual, head of the household and married taxpayers but filing separately.

Arizona tax credit

Donating Your Arizona Tax Credit, Help Families and Children

Suppose you are a believer in education as the passport for the future. Why not choose to donate to Certified School Tuition Organizations or Private School Tuition Organizations? In which case, you can use Form 323 and Form 348, respectively. In the former, you can avail of a $590 tax credit if you are either married but filing separately, single or head of household, and $1,179 for married taxpayers and filing joint return.

Suppose you opt for filing Form 348 because you have donated to Private School Tuition Organizations. In that case, you can avail of tax credit amounting to $593 if single or head of household and if you are married but filing separately, and $1,186 for married and filing joint tax returns. 

If you feel satisfaction in providing financial assistance for members of the military in active-duty or veterans and their families, then donating to the Arizona Military Family Relief Fund by using Form 340 is just the act for you.

You will have that bubbly, refreshingly delightful feeling that your taxes have helped a lot of individuals in a variety of ways.

Otherwise, if you are interested on supporting Arizona’s low-income families with their child care and schooling needs, you may want to look into using your taxes as a charitable tax credit. You may learn more about it with speaking with a representative from Children’s Care Arizona, a long-standing qualified charitable organization in Phoenix, AZ. You may call 480 795 3775 or email support@childrenscareaz.org for more information. 

Get your Arizona tax dollars helping lives get better today. Help children have a brighter future. 

Donate now.


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