As we approach the end of the year, we want to take a moment and remind our community of the tax credit opportunities available to individuals with an Arizona state tax liability that allows them to receive a dollar-for-dollar tax credit. The Private School Tuition Tax Credit Program has allowed for countless Valley families to afford a Christian Education for their students. Without this program, many families would not otherwise be able to attend Valley.
Our preferred partner school tuition organization is Arizona Christian School Tuition Organization (ACSTO). We encourage our families to take advantage of the tax credits and ask your friends and families to participate as well. When donating, please identify Valley Christian Schools and you may also recommend a VCS student if you choose.
Not only do you receive this credit, but this gives you the ability to have a say in how you pay what otherwise would be your state tax payment. Most importantly, you can help make a Christian education an affordable option for families.
For Tax Year 2020, a Married Couple filing jointly can claim a maximum credit of up to $2365, a Single taxpayer up to $1183, or their total tax liability, whichever is less. These amounts are the total of Arizona’s two Private School Tax Credits—Original and Overflow. You may give at any time and claim it on your 2020 state income taxes, up until you file your taxes, but no later than April 15, 2021, whichever comes first.
Once you’ve made your donation to ACSTO, if you still have a state tax liability, we encourage you to consider supporting the Public School Extracurricular or Character Ed Program and designate one of these Chandler Unified District Schools: Galveston Elementary, Hartford Elementary, Frye Elementary, or Willis Junior High. Donations must be made directly to the School District.
There are also tax credit opportunities to help at risk youth and families, foster care families, and military families. Here is a great tax credit worksheet to learn more and utilize when you do your taxes.
If you have any questions, feel free to contact Kit Dibley at 480.705.8888 x 261 or call ASTO at 480.820.0403.
Thank you for supporting School Choice and our community with your tax credit donations!