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                    $400
• Married couples filing separately             $200
• Single individuals/Head of households    $200

Please read these important points:

• Tax credit donations are non-refundable and non-transferable.  You are responsible for making thoughtful choices when allocating your tax credit dollars.
• 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:

• Fees for qualifying after school classes.
• Field trips that qualify (Grand Canyon).
• 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 in safekeeping.

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.

Link to TAX CREDIT FORM (paper)
 

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