EDUCATION TAX CREDIT
to TAX CREDIT FORM (paper)
As a result of Arizona Legislation,
families can receive a tax CREDIT from the State of Arizona for extracurricular,
after school activities that require a fee for participation. These activities
must be school sponsored. For your information, the maximum allowable
tax credits are:
- Married couples filing jointly
- Married couples filing separately
Single individuals/Head of households
Please read these
Tax credit donations are
non-refundable and non-transferable. You
are responsible for making thoughtful choices when allocating your tax
A parent may donate money to
fund school sponsored extracurricular programs; or, they may earmark their
donation to fund their student's participation in a particular extracurricular
activity or field trip. Payments must be made to the school (i.e.
you may not pay a travel agent for your child's trip, then request a donation).
You may distribute your tax credit among various extracurricular activities.
North Ranch will issue a receipt
to individuals requesting the tax credit for qualified expenses.
Please make checks payable to North Ranch Elementary School. No
two party checks, company checks, altered checks, post dated checks, insurance
drafts, income tax refund or dividend checks, or counter checks (without preprinted
account number) will be accepted. You are responsible for the safekeeping
of your tax credit receipts.
You will be responsible for
keeping track of your child's payments and checking with your accountant
when preparing your taxes. NORTH RANCH ELEMENTARY SCHOOL does not
monitor individual's accounts.
The tax credit is not a deduction.
It is Tax CREDIT from your Arizona State Tax liability. For example,
if you owe $900 for Arizona State Taxes and make a $400 contribution, your
receipt will allow you to reduce what you owe by $400.00. This would
mean that you would now owe $500 to the State of Arizona.
Tax credit payments must be
postmarked by midnight December 31 to qualify for the current tax year.
The following activities
are examples of activities that qualify for the tax credit:
HERE'S YOUR CHANCE
. . . IT'S YOUR CHOICE . . . IT'S THIS EASY!
Fees for qualifying after school
Field trips that qualify (Grand
- Enrichment classes and programs
(i.e. Chorus, Homework Club, etc.)
The tax credit is available
to State of Arizona taxpayers, regardless of whether or they have children
in school. Contributions from businesses are always welcome, however
such contributions cannot be used to obtain a tax credit.
The funds are not subject
to the revenue control limit that prevents schools from spending more than
a fixed amount for programs.
Please take the time to
consider carefully when allocating your contributions.
Keep your tax credit receipt
You may submit your payment
for a tax credit to North Ranch by mail, in person or with your student.
Simply complete the form on the linked page and attach your check to support
your local school.
This tax credit can be of great
benefit for families and for our school. Should you have any questions,
please call Ann in the office at 602-449-6400. Our office is open from
8:00 am to 4:00 pm Monday through Friday.
to TAX CREDIT FORM (paper)
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