The State of Arizona offers a range of tax credits for individuals who make charitable contributions, such as the Arizona Charitable Tax Credit and the Public School Tax Credit. These credits allow taxpayers to reduce their Arizona state tax liabilities on a dollar-for-dollar basis. It is important for Arizona taxpayers to review this list and ensure that the organization they are donating to has been certified by the Department of Revenue as a qualified charitable organization before making the donation if it is for tax purposes. The requirements for charitable donations in the state of Arizona are similar, and qualifying charitable organizations and eligible foster home charities will provide gift receipts for use as proof of state tax credits and deductions.
Phoenix Children's is a 501 (c) () organization that specializes in providing life-saving and life-changing medical services to seriously ill and injured children, and is classified in the 10 specialties of the U. S. The instructions on Arizona Forms 321 and 352 provide two telephone numbers for inquiries about credit for contributions to qualifying charitable organizations and qualifying foster care organizations. Donations to Valleywise Health, the Arizona public health education system that has been serving Maricopa County for nearly 150 years, contribute to its mission.
Furthermore, IRS publication 526 explains that donations to qualified organizations are generally deductible. In addition, taxpayers can take advantage of the Arizona Charity Tax Credit, which is composed of two non-refundable individual income tax credits that go to charitable contributions made to eligible charities (QCOs) and eligible foster care charities (QFCOs). This credit allows taxpayers to reduce their Arizona state tax liabilities on a dollar-for-dollar basis. When donating to a non-profit organization in Maricopa County, it is important to be aware of the various tax incentives and deductions available. Taxpayers should review the list of qualified charitable organizations provided by the Department of Revenue before making any donations for tax purposes. Additionally, they should be aware of the Arizona Charitable Tax Credit and Public School Tax Credit, which can help reduce their state tax liabilities.
Finally, IRS publication 526 explains that donations to qualified organizations are generally deductible.
