Q. How much can I give?  

A. You can claim a dollar-for-dollar credit against your Arizona liability, up to $800 if married filing jointly and $400 if single filing.

 

Q. What if I accidentally give too much?  

A. Any excess credit can be carried forward for 5 years.

 

Q. What's the deadline?  

A. Just like an IRA, your contribution deadline is April 15th.

 

Q. Can I give to the school tax credit too?

A. Of course! There are four tax credit programs in Arizona, and you are allowed to claim as many as you'd like.

 

Q. Is my donation also federally deductible?

A. Generally speaking, yes.  But be sure to run it by your accountant.

 

Q. How does the Dept. of Revenue know I made the donation?  

A. Simply report as QCO Code 20732 on AZ Form 321 and submit with your AZ return. We will send your receipt to you for your files.