AZ Charitable Tax Credit donations made from January-December 2022 may be claimed for the 2022 tax year. Donations made before the April 18th, 2023 tax filing deadline may be applied to either the 2023 tax year or claimed for the previous tax year 2022.
What is the Arizona Charitable Tax Credit?
Formerly called the Working Poor Tax Credit, The Charitable Tax Credit is available to anyone who files an Arizona Tax Return. To receive the tax credit, you must make a donation to a Qualified Charitable Organization (QCO). Life Choices Women’s Clinics has been assigned QCO Code 20439 by the State of Arizona.
You may be able to offset Arizona taxes by taking a tax credit up to $400 if filing as single or $800 if filing as married. Amounts lower than $400/$800 also qualify up to your tax liability. This is a dollar-for-dollar tax credit, and you do not need to itemize to take advantage of this credit. Just complete Arizona state tax forms 301 & 321 to claim this tax credit. The QCO tax credit can be taken in addition to the public or private school tax credit, and you are able to take advantage of both tax credits in the same year!
For more information on the Arizona Charitable Tax Credit visit www.azdor.gov. If you have any questions about making a QCO Tax Credit donation to Life Choices Women’s Clinic, please call us at 602-305-5100.
- John and Mary’s total Arizona tax liability was $2500. They had $3,500 taxes withheld for a refund of $1,000. After making an $800 donation to Life Choices Women’s Clinics, their state refund is now $1,800.
- Sue’s Arizona tax liability was $1500. Sue had $1100 taxes withheld and owes $400. After making a $400 donation to Life Choices Women’s Clinics, Sue does not owe anything to the state.