Tax Credit

Tax Credit for McNary School
Take Advantage of the
School Tax Credit

 

THE LAW:    Arizona law (ARS 43-1098.01) allows taxpayers to receive a tax credit of up to $1,000 ($500 for married couples filing separately/$500 for individuals/$1,000 for married couples filing a joint return) for donations that benefit students in public schools.  That’s not just a deduction, it is atax credit – it reduces what you owe in state taxes, dollar for dollar.

 

WHAT QUALIFIES FOR THE TAX CREDIT?  By law, only donations to extracurricular activities that charge a fee qualify for the tax credit.  Donations must be made out to the school district, but directed to a specific school.  You may specify that your donation is a contribution that benefits all children, or you may designate it as a fee to cover the cost of a specific child’s participation in an activity.

 

HOW DOES IT WORK?  It takes three easy steps

  • Send a donation to McNary School District or visit McNary School
  • Fill out a donation Form (Please be specific where you want your donations to go)
  • Receive a receipt from the school district for your tax records