Arizona's Charitable Tax Credits

YES!! Your state income tax dollars can go further in helping those in need while reducing the taxing effects (yes, pun intended) on Arizona government assistance programs. How?! Arizona has a unique opportunity that allows you to pay your Arizona income taxes while making specific deductible donations.

- Do you itemize your deductions but are capped at $10,000 for the SALT taxes?
- Do you take a standard deduction and don't see a significant benefit in deducting your charitable contributions?
- Have you already donated to some of these not-for-profit qualified organizations and wondered if you missed claiming the tax credit?

Use the free and easy tracking tool at:

Key Points, Limits, and Types of Arizona Charitable Tax Credits

There are five (5) different types of charitable donation credits to choose from.

Limits depend on your end-of-year filing status;
Single, Head of Household (HOH), Married Filing Separate (MFS) or Married Filing Joint (MFJ).

Most can allow you to contribute by 04/15/2024 for use in the 2023 or 2024 tax year.

TOTAL credits available for 2023: $2,654 - Single/HOH/MFS | $5,301 - MFJ
TOTAL credits available for 2024: $2,916 - Single/HOH/MFS | $5,821 - MFJ

(1) Arizona Military Family Relief Fund Credit

Limit $200 | $400

This credit must be made in the same tax year to claim it and is limited to the first $1,000,000 of contributions received. I recommend you contribute early in the year, as this fills up fast!

(2) Qualifying Charitable Organizations ** now adjusted for inflation!! ** Organizations that assist Arizona residents who are low-income, chronically ill, or have physically disabled children.

Limit $421 | $841 - for 2023 *** Limit $470 | $938 - for 2024

(3) Qualifying Foster Care Charitable Organizations ** now adjusted for inflation!! ** Organizations that provide foster-care community services. We love our animals, but this is for human benefit only.

Limit $526 | $1,051 - for 2023 *** Limit $587 | $1,173 - for 2024

(4) Arizona Public/Charter School Tax Credit to support extracurricular activities requiring students to pay a fee.

Limit $200 | $400

See also Arizona Publication 707 – School Credits

(5) School Tuition Organization Tax Credit to help provide scholarships for students in private, including religious or special needs, schools.

Limit $1,307 | $2,609 - for 2023 *** Limit $1,459 | $2,910 - for 2024

This type of credit is adjusted for inflation annually and comprises two levels: The Original (Form 323) and The Overflow (Form 348). Are you curious as to why? Ask me!

Did you know there are much higher limits for certain businesses (minimum $5,000) if they are eligible? This is in addition to the personal contributions! Interested to learn more? Contact us!

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