Commonly Asked Questions:
Do I have to have children enrolled in school?
No. Any Arizona individual paying state income tax can make a tax credit contribution.
How does this work on my tax return?
When you file your state taxes, you will record the tax credit contribution on Form 322 (downloadable from the State.) As an example, if you make a $400 tax credit contribution and you calculate a state tax refund, applying the credit will increase your refund by $400. If you calculate a liability, applying the credit will reduce your liability. However, you cannot receive a refund greater than your State income tax assessment for the tax year.
Who can make a contribution?
Contributions can be accepted only from individuals. We cannot accept contributions from businesses or corporations.
How do I make a contribution?
You can download the on-line form and mail in your contribution or drop it off at the school office. All contributions must be dated and turned in on or before 12/31/2016. The downloadable form must be completely filled in to guarantee credit for your contribution.